Rockhopper Exploration (LON:RKH) Stock Price Down 9.4% - Should You Sell?

Shares of Rockhopper Exploration plc (LON:RKH - Get Free Report) dropped 9.4% during mid-day 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 traded hands during mid-day 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 Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a "speculative buy" rating and issued a GBX 49 ($0.67) target price on shares of Rockhopper Exploration in a research note on Thursday, May 29th.

Rockhopper Exploration Trading Down 1.3%

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 has a 50 day moving average of GBX 48.02 and a 200-day moving average of GBX 36.74. The stock has a market cap of £365.65 million, a PE ratio of 23,216.83, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87.

Rockhopper Exploration (LON:RKH - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported GBX 7.20 ($0.10) earnings per share for the quarter. On average, analysts anticipate that Rockhopper Exploration plc will post -0.1899958 EPS for the current year.

Insiders Place Their Bets

In related news, insider Alison Baker sold 50,000 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of GBX 47 ($0.64), for a total value of £23,500 ($31,912.00). Corporate insiders own 19.22% of the company's stock.

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.