Rockhopper Exploration (LON:RKH) Trading Down 8.3% - Here's Why

Rockhopper Exploration plc (LON:RKH - Get Free Report) dropped 8.3% during trading on Tuesday . The company traded as low as GBX 41 ($0.55) and last traded at GBX 47.87 ($0.65). Approximately 24,074,025 shares changed hands during trading, an increase of 576% from the average daily volume of 3,560,566 shares. The stock had previously closed at GBX 52.20 ($0.71).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a "speculative buy" rating and set a GBX 49 ($0.66) target price on shares of Rockhopper Exploration in a research report on Thursday, May 29th.

Rockhopper Exploration Stock Down 0.7%

The stock has a market capitalization of £363.25 million, a P/E ratio of 23,064.42, a P/E/G ratio of 0.20 and a beta of 0.87. The business has a 50-day moving average price of GBX 47.84 and a 200 day moving average price of GBX 37.35. The company has a current ratio of 1.27, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12.

Rockhopper Exploration (LON:RKH - Get Free Report) last issued its quarterly 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 expect that Rockhopper Exploration plc will post -0.1899958 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Alison Baker sold 50,000 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of GBX 47 ($0.64), for a total value 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.