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

Rockhopper Exploration plc (LON:RKH - Get Free Report)'s stock price traded down 9.4% during trading on Wednesday . The stock traded as low as GBX 41 ($0.56) and last traded at GBX 47.30 ($0.64). 15,290,653 shares traded hands during mid-day trading, an increase of 340% from the average session volume of 3,476,915 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 set a GBX 49 ($0.67) price objective on shares of Rockhopper Exploration in a research report on Thursday, May 29th.

Rockhopper Exploration Stock Performance

The firm has a market cap of £365.65 million, a P/E ratio of 23,216.83, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. 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 business's fifty day simple moving average is GBX 48.02 and its 200-day simple moving average is GBX 36.74.

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

Insider Buying and Selling

In related news, insider Alison Baker sold 50,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of GBX 47 ($0.64), for a total transaction of £23,500 ($31,912.00). 19.22% of the stock is currently owned by 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.