Rose Petroleum plc (ROSE.L) (LON:ROSE) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Shares of Rose Petroleum plc (ROSE.L) (LON:ROSE) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 334 and traded as high as GBX 355. Rose Petroleum plc (ROSE.L) shares last traded at GBX 339, with a volume of 4,705,396 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Citigroup reaffirmed a “buy” rating and issued a GBX 4,500 price objective on shares of Rose Petroleum plc (ROSE.L) in a research report on Tuesday, June 2nd. Berenberg Bank reiterated a “buy” rating and set a GBX 450 price objective on shares of Rose Petroleum plc (ROSE.L) in a report on Thursday, July 23rd. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 475 target price on shares of Rose Petroleum plc (ROSE.L) in a research note on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 1,481.25.

Rose Petroleum plc (ROSE.L) Price Performance

The stock has a fifty day moving average of GBX 334.54 and a 200 day moving average of GBX 340.77. The company has a debt-to-equity ratio of 38.28, a current ratio of 1.76 and a quick ratio of 2.29. The stock has a market cap of £3.50 billion, a price-to-earnings ratio of -15.66 and a beta of 0.84.

Insider Activity

In other news, insider Simon Antony Peckham acquired 109,737 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was acquired at an average price of GBX 319 per share, for a total transaction of £350,061.03. Also, insider Liam Butterworth purchased 31,074 shares of the stock in a transaction on Friday, June 26th. The shares were acquired at an average price of GBX 321 per share, for a total transaction of £99,747.54. 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.