Rockhopper Exploration (LON:RKH) Trading Down 10.1% - Should You Sell?

Rockhopper Exploration plc (LON:RKH - Get Free Report)'s share price was down 10.1% on Tuesday . The stock traded as low as GBX 41 ($0.55) and last traded at GBX 46.95 ($0.64). Approximately 22,034,486 shares changed hands during trading, an increase of 522% from the average daily volume of 3,541,142 shares. The stock had previously closed at GBX 52.20 ($0.71).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a "speculative buy" rating and issued a GBX 49 ($0.66) target price on shares of Rockhopper Exploration in a research note 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 firm has a 50 day moving average price of GBX 47.84 and a two-hundred day moving average price of GBX 37.18. The company has a market capitalization of £363.25 million, a P/E ratio of 23,064.42, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87.

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

Insider Activity

In other news, insider Alison Baker sold 50,000 shares of the firm's 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 transaction of £23,500 ($31,791.13). 19.22% of the stock is owned by corporate insiders.

About Rockhopper Exploration

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.