Rockhopper Exploration (LON:RKH) Shares Down 9.4% - Time to Sell?

Rockhopper Exploration plc (LON:RKH - Get Free Report) was down 9.4% during trading on Tuesday . The company traded as low as GBX 41 ($0.56) and last traded at GBX 47.30 ($0.64). Approximately 15,290,653 shares were traded during trading, an increase of 340% from the average daily volume of 3,476,915 shares. The stock had previously closed at GBX 52.20 ($0.71).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated 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 Trading Down 1.3%

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 has a market capitalization of £365.65 million, a PE ratio of 23,216.83, a PEG ratio of 0.20 and a beta of 0.87. The stock has a fifty day moving average of GBX 48.02 and a 200 day moving average of GBX 36.74.

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

Insider Activity at Rockhopper Exploration

In related news, insider Alison Baker sold 50,000 shares of Rockhopper Exploration stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of GBX 47 ($0.64), for a total transaction of £23,500 ($31,847.13). 19.22% of the stock is currently owned by company insiders.

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.