Rockhopper Exploration (LON:RKH) Trading Down 10.6% - Should You Sell?

Rockhopper Exploration plc (LON:RKH - Get Free Report)'s stock price fell 10.6% on Tuesday . The company traded as low as GBX 41 ($0.55) and last traded at GBX 46.67 ($0.63). 23,224,734 shares traded hands during trading, an increase of 554% from the average session volume of 3,552,478 shares. The stock had previously closed at GBX 52.20 ($0.71).

Wall Street Analysts Forecast Growth

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

Rockhopper Exploration Stock Down 0.7%

The company has a market capitalization of £363.25 million, a price-to-earnings 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. The business has a 50-day moving average price of GBX 47.84 and a 200-day moving average price of GBX 37.35.

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

Insider Activity

In related news, insider Alison Baker sold 50,000 shares of the firm'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 transaction of £23,500 ($31,791.13). Corporate insiders own 19.22% of the company's stock.

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.