Rockhopper Exploration (LON:RKH) Stock Price Down 9.4% - Time to Sell?

Rockhopper Exploration plc (LON:RKH - Get Free Report)'s stock price dropped 9.4% during trading on Tuesday . The company traded as low as GBX 41 ($0.56) and last traded at GBX 47.30 ($0.64). Approximately 15,290,653 shares traded hands during mid-day trading, an increase of 340% from the average daily volume of 3,476,915 shares. The stock had previously closed at GBX 52.20 ($0.71).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a "speculative buy" rating and set a GBX 49 ($0.66) price target on shares of Rockhopper Exploration in a report on Thursday, May 29th.

Rockhopper Exploration Stock Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.94 and a current ratio of 1.27. The business's fifty day moving average price is GBX 48.02 and its two-hundred day moving average price is GBX 36.74. The stock has a market capitalization of £365.65 million, a P/E ratio of 23,216.83, a P/E/G ratio of 0.20 and a beta of 0.87.

Rockhopper Exploration (LON:RKH - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported GBX 7.20 ($0.10) earnings per share for the quarter. As a group, sell-side analysts forecast that Rockhopper Exploration plc will post -0.1899958 earnings per share for the current year.

Insider Activity at Rockhopper Exploration

In related news, insider Alison Baker sold 50,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of GBX 47 ($0.64), for a total value of £23,500 ($31,847.13). 19.22% of the stock is currently owned by company insiders.

Rockhopper Exploration Company Profile

Rockhopper Exploration plc operates as an oil and gas exploration and production company primarily in the United Kingdom. It engages in the exploration, appraisal, and exploitation of its oil and gas acreage primarily in the North Falkland Basin and the Greater Mediterranean region. The company holds 35% working interest in the PL003a, PL003b, PL004a, PL004b, PL004c, PL005, PL032, PL033 production licenses in North Falkland Basin.