Rockhopper Exploration (LON:RKH) Stock Price Down 12.6% - Should You Sell?

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

Analyst Upgrades and Downgrades

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 Price Performance

The company has a current ratio of 1.27, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12. The firm has a market cap of £370.45 million, a P/E ratio of 23,521.64, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. The business has a 50-day moving average of GBX 48.03 and a two-hundred day moving average of GBX 36.68.

Rockhopper Exploration (LON:RKH - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported GBX 7.20 ($0.10) earnings per share (EPS) for the quarter. On average, sell-side 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.