Rockhopper Exploration (LON:RKH) Shares Down 10.4% - Here's Why

Rockhopper Exploration plc (LON:RKH - Get Free Report)'s stock price fell 10.4% during mid-day trading on Tuesday . The company traded as low as GBX 41 ($0.56) and last traded at GBX 46.77 ($0.63). 12,577,004 shares traded hands during mid-day trading, an increase of 264% from the average session volume of 3,451,071 shares. The stock had previously closed at GBX 52.20 ($0.71).

Analyst Upgrades and Downgrades

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

Rockhopper Exploration Stock Performance

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 capitalization of £370.45 million, a P/E ratio of 23,521.64, a PEG ratio of 0.20 and a beta of 0.87. The stock's fifty day moving average price is GBX 48.03 and its 200-day moving average price is GBX 36.68.

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

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.