Rockhopper Exploration (LON:RKH) Trading Down 13.2% - Here's What Happened

Rockhopper Exploration plc (LON:RKH - Get Free Report) dropped 13.2% during mid-day trading on Tuesday . The company traded as low as GBX 41 ($0.56) and last traded at GBX 45.30 ($0.61). Approximately 15,454,116 shares traded hands during trading, an increase of 344% from the average daily volume of 3,478,472 shares. The stock had previously closed at GBX 52.20 ($0.71).

Wall Street Analyst Weigh In

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

Rockhopper Exploration Stock Down 2.1%

The stock has a market cap of £370.45 million, a PE ratio of 23,521.64, a P/E/G ratio of 0.20 and a beta of 0.87. The business has a 50 day moving average of GBX 48.03 and a 200-day moving average of GBX 36.68. The company has a current ratio of 1.27, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12.

Rockhopper Exploration (LON:RKH - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported GBX 7.20 ($0.10) EPS for the quarter. Equities research analysts predict 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.