Rockhopper Exploration (LON:RKH) Trading 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)'s share price fell 3% on Thursday . The company traded as low as GBX 70 ($0.93) and last traded at GBX 71.60 ($0.95). 2,923,436 shares changed hands during 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).

Analyst Ratings Changes

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

Rockhopper Exploration Trading Down 2.3%

The firm has a market capitalization of £606.49 million, a price-to-earnings ratio of 38,508.43, a P/E/G ratio of 0.20 and a beta of 0.87. 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 has a fifty day moving average price of GBX 55.83 and a 200 day moving average price of GBX 46.74.

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

Insider Transactions at Rockhopper Exploration

In related news, insider Alison Baker sold 50,000 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of GBX 47 ($0.62), for a total value of £23,500 ($31,191.93). Corporate 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.