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

Shares of Rockhopper Exploration plc (LON:RKH - Get Free Report) traded down 9.4% during trading on Wednesday . 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 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 reiterated a "speculative buy" rating and issued a GBX 49 ($0.67) price target on shares of Rockhopper Exploration in a 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 stock 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. The business has a 50 day simple moving average of GBX 48.02 and a 200-day simple moving average of GBX 36.74.

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) EPS for the quarter. On average, equities analysts predict that Rockhopper Exploration plc will post -0.1899958 earnings per share for the current year.

Insider Buying and Selling at Rockhopper Exploration

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 transaction of £23,500 ($31,912.00). 19.22% of the stock is currently 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.