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

Rockhopper Exploration plc (LON:RKH - Get Free Report)'s share price fell 9.4% on Tuesday . The company traded as low as GBX 41 ($0.55) and last traded at GBX 47.30 ($0.64). 15,290,653 shares changed 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 reaffirmed a "speculative buy" rating and set a GBX 49 ($0.66) price objective on shares of Rockhopper Exploration in a report on Thursday, May 29th.

Rockhopper Exploration Stock Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.27 and a quick ratio of 2.94. The stock has a market cap of £363.25 million, a price-to-earnings ratio of 23,064.42, a P/E/G ratio of 0.20 and a beta of 0.87. The stock's 50-day moving average is GBX 47.84 and its 200 day moving average is 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 (EPS) for the quarter. As a group, analysts predict that Rockhopper Exploration plc will post -0.1899958 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Rockhopper Exploration news, insider Alison Baker sold 50,000 shares of Rockhopper Exploration stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of GBX 47 ($0.64), for a total value of £23,500 ($31,791.13). 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.