Rockhopper Exploration (LON:RKH) Stock Price Down 3% - Should You Sell?

Key Points

• Rockhopper Exploration's stock price fell by 3%, trading at GBX 71.60 ($0.95), with a notable decrease in trading volume compared to the average.
• Canaccord Genuity Group raised their price target for Rockhopper from GBX 49 ($0.65) to GBX 86 ($1.14), providing a "speculative buy" rating.
• Insider Alison Baker sold 50,000 shares at an average price of GBX 47 ($0.62), and insiders hold 19.22% of the company's stock.

Rockhopper Exploration plc (LON:RKH - Get Free Report) traded down 3% on Thursday . The stock traded as low as GBX 70 ($0.93) and last traded at GBX 71.60 ($0.95). 2,923,436 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 3,282,990 shares. The stock had previously closed at GBX 73.80 ($0.98).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised their price target on shares of Rockhopper Exploration from GBX 49 ($0.65) to GBX 86 ($1.14) and gave the company a "speculative buy" rating in a research report on Monday, June 9th.

Rockhopper Exploration Stock Performance

The stock has a market capitalization of £600.09 million, a P/E ratio of 38,102.01, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. The company has a 50 day simple moving average of GBX 55.83 and a 200-day simple moving average of GBX 46.89. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.27 and a quick ratio of 2.94.

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

Insider Activity at Rockhopper Exploration

In other news, insider Alison Baker sold 50,000 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of GBX 47 ($0.62), for a total transaction of £23,500 ($31,204.36). 19.22% of the stock is 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.