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

Shares of Rockhopper Exploration plc (LON:RKH - Get Free Report) traded down 9.4% on Wednesday . 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).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed 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 0.7%

The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.94 and a current ratio of 1.27. The company has a market cap of £363.25 million, a P/E ratio of 23,064.42, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. The stock has a 50-day moving average of GBX 47.84 and a two-hundred day moving average of 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. On average, equities research analysts predict that Rockhopper Exploration plc will post -0.1899958 earnings per share for the current year.

Insider Activity at Rockhopper Exploration

In other Rockhopper Exploration news, insider Alison Baker sold 50,000 shares of Rockhopper Exploration 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.

Rockhopper Exploration Company Profile

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.