Rockhopper Exploration plc (LON:RKH - Get Free Report) fell 9.4% on Tuesday . The stock traded as low as GBX 41 ($0.56) and last traded at GBX 47.30 ($0.64). 15,290,653 shares changed hands during mid-day trading, an increase of 340% from the average session volume of 3,476,915 shares. The stock had previously closed at GBX 52.20 ($0.71).
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group restated a "speculative buy" rating and issued a GBX 49 ($0.67) price objective on shares of Rockhopper Exploration in a report on Thursday, May 29th.
View Our Latest Stock Analysis on Rockhopper Exploration
Rockhopper Exploration Trading Down 1.3%
The company's fifty day simple moving average is GBX 48.02 and its two-hundred day simple moving average is GBX 36.74. The company has a quick ratio of 2.94, a current ratio of 1.27 and a debt-to-equity ratio of 0.12. The company has a market capitalization of £365.65 million, a price-to-earnings ratio of 23,216.83, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87.
Rockhopper Exploration (LON:RKH - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported GBX 7.20 ($0.10) earnings per share for the quarter. Research analysts forecast that Rockhopper Exploration plc will post -0.1899958 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, insider Alison Baker sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of GBX 47 ($0.64), for a total value of £23,500 ($31,912.00). Company insiders own 19.22% of the company's stock.
About Rockhopper Exploration
(
Get Free Report)
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.
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