Rockhopper Exploration plc (LON:RKH - Get Free Report)'s share price dropped 9.4% on Tuesday . The stock traded as low as GBX 41 ($0.55) and last traded at GBX 47.30 ($0.64). Approximately 15,290,653 shares changed 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 set a GBX 49 ($0.66) price target on shares of Rockhopper Exploration in a research report on Thursday, May 29th.
Get Our Latest Stock Analysis on Rockhopper Exploration
Rockhopper Exploration Stock Down 0.7%
The company has a market capitalization of £363.25 million, a PE ratio of 23,064.42, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. The company has a quick ratio of 2.94, a current ratio of 1.27 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average of GBX 47.84 and a two-hundred day moving average of GBX 37.18.
Rockhopper Exploration (LON:RKH - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported GBX 7.20 ($0.10) earnings per share for the quarter. Equities research analysts predict that Rockhopper Exploration plc will post -0.1899958 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, insider Alison Baker sold 50,000 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of GBX 47 ($0.64), for a total transaction of £23,500 ($31,791.13). 19.22% of the stock is currently owned by company insiders.
About Rockhopper Exploration
(
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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.
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