Rockhopper Exploration (LON:RKH) Shares Down 9.4% - Here's Why

Rockhopper Exploration plc (LON:RKH - Get Free Report)'s share price fell 9.4% during trading on Tuesday . 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 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).

Wall Street Analyst Weigh In

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

Rockhopper Exploration Price Performance

The firm 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. The stock's fifty day moving average price is GBX 48.02 and its 200-day moving average price is GBX 36.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.27 and a quick ratio of 2.94.

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

Insider Activity at Rockhopper Exploration

In other Rockhopper Exploration news, insider Alison Baker sold 50,000 shares of the 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.