Rockhopper Exploration (LON:RKH) Stock Price Down 10.4% – Should You Sell?

Rockhopper Exploration plc (LON:RKH) fell 10.4% on Tuesday . The company traded as low as GBX 41 ($0.56) and last traded at GBX 46.77 ($0.63). 12,577,004 shares traded hands during trading, an increase of 264% from the average session volume of 3,451,071 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 issued a GBX 49 ($0.66) price target on shares of Rockhopper Exploration in a research note on Thursday, May 29th.

Rockhopper Exploration Stock Performance

The company has a market cap of £365.00 million, a PE ratio of 23,175.17, a PEG ratio of 0.20 and a beta of 0.87. 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 business has a 50-day moving average of GBX 48.02 and a 200 day moving average of GBX 36.74.

Rockhopper Exploration (LON:RKH) last announced its quarterly earnings results on Thursday, May 29th. The company reported GBX 7.20 ($0.10) EPS for the quarter. Equities research analysts anticipate that Rockhopper Exploration plc will post -0.1899958 EPS for the current fiscal year.

About Rockhopper Exploration

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.