Rockhopper Exploration (LON:RKH) Stock Price Down 9.4% - Time to Sell?

Rockhopper Exploration plc (LON:RKH - Get Free Report)'s stock price was down 9.4% during trading on Tuesday . The stock traded as low as GBX 41 ($0.56) and last traded at GBX 47.30 ($0.64). Approximately 15,290,653 shares changed hands during mid-day trading, an increase of 340% from the average daily volume of 3,476,915 shares. The stock had previously closed at GBX 52.20 ($0.71).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued 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 Trading Down 1.3%

The company has a current ratio of 1.27, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12. The business's 50 day moving average price is GBX 48.02 and its 200-day moving average price is GBX 36.74. The company has a market cap of £365.65 million, a price-to-earnings ratio of 23,216.83, a PEG ratio of 0.20 and a beta of 0.87.

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

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.