Rockhopper Exploration (LON:RKH) Trading Down 13.6% - Time to Sell?

Rockhopper Exploration plc (LON:RKH - Get Free Report)'s stock price traded down 13.6% during trading on Tuesday . The company traded as low as GBX 41 ($0.56) and last traded at GBX 45.10 ($0.61). 18,950,988 shares traded hands during trading, an increase of 440% from the average session volume of 3,511,775 shares. The stock had previously closed at GBX 52.20 ($0.71).

Wall Street Analysts Forecast Growth

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

Rockhopper Exploration Price Performance

The company has a market cap of £370.45 million, a price-to-earnings ratio of 23,521.64, a P/E/G ratio of 0.20 and a beta of 0.87. 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's 50 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 announced its earnings results on Thursday, May 29th. The company reported GBX 7.20 ($0.10) EPS for the quarter. On average, equities research analysts predict that Rockhopper Exploration plc will post -0.1899958 earnings per share for the current fiscal year.

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.