Rockhopper Exploration (LON:RKH) Stock Price Down 9.4% - Here's What Happened

Shares of Rockhopper Exploration plc (LON:RKH - Get Free Report) traded down 9.4% during mid-day trading on Tuesday . The stock traded as low as GBX 41 ($0.55) and last traded at GBX 47.30 ($0.64). 15,290,653 shares changed hands during trading, an increase of 340% from the average session 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 objective on shares of Rockhopper Exploration in a research report on Thursday, May 29th.

Rockhopper Exploration Price Performance

The company's 50-day simple moving average is GBX 47.84 and its 200-day simple moving average is GBX 37.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.27 and a quick ratio of 2.94. The stock has a market capitalization of £363.25 million, a price-to-earnings ratio of 23,064.42, a P/E/G ratio of 0.20 and a beta of 0.87.

Rockhopper Exploration (LON:RKH - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported GBX 7.20 ($0.10) earnings per share (EPS) for the quarter. Research analysts forecast that Rockhopper Exploration plc will post -0.1899958 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Alison Baker sold 50,000 shares of Rockhopper Exploration 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 ($31,791.13). Company insiders own 19.22% of the company's stock.

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.