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

Rockhopper Exploration plc (LON:RKH - Get Free Report) shares dropped 10.1% during trading on Tuesday . The company traded as low as GBX 41 ($0.56) and last traded at GBX 46.95 ($0.64). Approximately 22,034,486 shares traded 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).

Wall Street Analysts Forecast Growth

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 report on Thursday, May 29th.

Rockhopper Exploration Trading Down 2.1%

The company has a market cap of £370.45 million, a price-to-earnings ratio of 23,521.64, a PEG ratio of 0.20 and a beta of 0.87. 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 business's 50-day simple moving average is GBX 48.03 and its 200-day simple moving average is GBX 36.68.

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 predict that Rockhopper Exploration plc will post -0.1899958 earnings per share for the current fiscal year.

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.