Rockhopper Exploration plc (LON:RKH - Get Free Report)'s share price was down 10.4% on Tuesday . The stock traded as low as GBX 41 ($0.55) and last traded at GBX 46.77 ($0.63). Approximately 12,577,004 shares were traded during mid-day trading, an increase of 264% from the average daily volume of 3,451,071 shares. The stock had previously closed at GBX 52.20 ($0.71).
Analysts Set New Price Targets
Separately, Canaccord Genuity Group reissued a "speculative buy" rating and issued a GBX 49 ($0.66) price target on shares of Rockhopper Exploration in a report on Thursday, May 29th.
Get Our Latest Research Report on RKH
Rockhopper Exploration Stock Performance
The firm has a 50-day moving average price of GBX 47.84 and a 200 day moving average price of GBX 37.18. The firm has a market capitalization of £363.25 million, a PE ratio of 23,064.42, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. The company has a quick ratio of 2.94, a current ratio of 1.27 and a debt-to-equity ratio of 0.12.
Rockhopper Exploration (LON:RKH - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported GBX 7.20 ($0.10) earnings per share for the quarter. Research analysts expect that Rockhopper Exploration plc will post -0.1899958 earnings per share for the current year.
Insider Activity
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 shares were sold at an average price of GBX 47 ($0.64), for a total value of £23,500 ($31,791.13). Company insiders own 19.22% of the company's stock.
About Rockhopper Exploration
(
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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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