Rockhopper Exploration (LON:RKH) Shares Down 12.6% - Time to Sell?

Shares of Rockhopper Exploration plc (LON:RKH - Get Free Report) fell 12.6% on Tuesday . The company traded as low as GBX 41 ($0.56) and last traded at GBX 45.64 ($0.62). 20,706,186 shares were traded during trading, an increase of 487% from the average session volume of 3,525,521 shares. The stock had previously closed at GBX 52.20 ($0.71).

Analyst Ratings Changes

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 note on Thursday, May 29th.

Rockhopper Exploration Stock Down 2.1%

The firm has a market cap of £370.45 million, a P/E ratio of 23,521.64, a P/E/G ratio of 0.20 and a beta of 0.87. The firm's fifty day moving average is GBX 48.03 and its 200 day moving average is GBX 36.68. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.94 and a current ratio of 1.27.

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