Rockhopper Exploration (LON:RKH) Stock Price Down 10.1% – Time to Sell?

Rockhopper Exploration plc (LON:RKH)’s stock price traded down 10.1% on Tuesday . The company traded as low as GBX 41 ($0.56) and last traded at GBX 46.95 ($0.64). 22,034,486 shares changed hands during mid-day trading, an increase of 522% from the average session volume of 3,541,142 shares. The stock had previously closed at GBX 52.20 ($0.71).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 49 ($0.66) price objective on shares of Rockhopper Exploration in a research note on Thursday, May 29th.

Rockhopper Exploration Stock Down 10.1%

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 company has a market cap of £375.65 million, a price-to-earnings ratio of 23,851.86, a P/E/G ratio of 0.20 and a beta of 0.87. The stock has a fifty day moving average price of GBX 47.98 and a two-hundred day moving average price of GBX 36.60.

Rockhopper Exploration (LON:RKH) last issued 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 EPS for the current year.

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.