Rose Petroleum plc (ROSE.L) (LON:ROSE) Hits New 12-Month Low – Here’s Why

Rose Petroleum plc (ROSE.L) (LON:ROSE)’s share price hit a new 52-week low on Tuesday . The company traded as low as GBX 294 and last traded at GBX 299, with a volume of 1204434 shares changing hands. The stock had previously closed at GBX 295.

Wall Street Analysts Forecast Growth

ROSE has been the subject of several research reports. Berenberg Bank reiterated a “buy” rating and set a GBX 450 price objective on shares of Rose Petroleum plc (ROSE.L) in a research note on Thursday. Citigroup reissued a “buy” rating and issued a GBX 4,500 target price on shares of Rose Petroleum plc (ROSE.L) in a research note on Tuesday, June 2nd. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 4.70 target price on shares of Rose Petroleum plc (ROSE.L) in a report on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 1,363.67.

Rose Petroleum plc (ROSE.L) Stock Performance

The stock’s 50-day moving average price is GBX 335.54 and its 200-day moving average price is GBX 340.40. The company has a current ratio of 1.76, a quick ratio of 2.29 and a debt-to-equity ratio of 38.28. The company has a market capitalization of £3.35 billion, a P/E ratio of -14.98 and a beta of 0.84.

Insider Activity

In other Rose Petroleum plc (ROSE.L) news, insider Liam Butterworth purchased 31,074 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were bought at an average price of GBX 321 per share, with a total value of £99,747.54. Also, insider Simon Antony Peckham purchased 109,737 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were acquired at an average cost of GBX 319 per share, for a total transaction of £350,061.03. Company insiders own 0.53% of the company’s stock.

About Rose Petroleum plc (ROSE.L)

Rose Petroleum plc, together with its subsidiaries, primarily explores for and develops oil and gas resources in the United States. The company holds a 75% working interest in Paradox Basin covering an approximately 80,000 net acres located in Utah, the United States. The company was formerly known as VANE Minerals plc and changed its name to Rose Petroleum plc in August 2013. Rose Petroleum plc was incorporated in 2002 and is headquartered in Newbury, the United Kingdom.