Rockhopper Exploration (LON:RKH) Trading Down 9.4% - Here's Why

Shares of Rockhopper Exploration plc (LON:RKH - Get Free Report) traded down 9.4% on Tuesday . The company traded as low as GBX 41 ($0.55) and last traded at GBX 47.30 ($0.64). 15,290,653 shares traded hands during 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).

Analyst Ratings Changes

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

Rockhopper Exploration Price Performance

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 firm has a market cap of £363.25 million, a P/E ratio of 23,064.42, a PEG ratio of 0.20 and a beta of 0.87. The stock's 50-day simple moving average is GBX 47.84 and its two-hundred day simple moving average is GBX 37.18.

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

Insider Activity at Rockhopper Exploration

In other Rockhopper Exploration news, insider Alison Baker sold 50,000 shares of the company'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 currently owned by company 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.