Rose Petroleum plc (ROSE.L) (LON:ROSE – Get Free Report)’s share price crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of GBX 321.54 and traded as high as GBX 326. Rose Petroleum plc (ROSE.L) shares last traded at GBX 322.57, with a volume of 31,996,291 shares.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on ROSE. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 475 target price on shares of Rose Petroleum plc (ROSE.L) in a report on Friday, September 4th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 450 price target on shares of Rose Petroleum plc (ROSE.L) in a research report on Friday, September 11th. Four research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Rose Petroleum plc (ROSE.L) presently has a consensus rating of “Buy” and a consensus price target of GBX 1,481.25.
View Our Latest Stock Analysis on ROSE
Rose Petroleum plc (ROSE.L) Stock Down 2.7%
The company has a market capitalization of £3.10 billion, a P/E ratio of -13.89 and a beta of 0.84. The company has a debt-to-equity ratio of 35.18, a quick ratio of 2.29 and a current ratio of 1.72. The stock has a 50 day moving average price of GBX 321.54 and a 200 day moving average price of GBX 336.16.
Insider Buying and Selling
In related news, insider Justin Dowley acquired 161,576 shares of the firm’s stock in a transaction that occurred on Thursday, October 22nd. The stock was acquired at an average price of GBX 309 per share, for a total transaction of £499,269.84. Also, insider James Christopher Miller acquired 414,803 shares of the stock in a transaction on Tuesday, September 8th. The stock was bought at an average cost of GBX 335 per share, for a total transaction of £1,389,590.05. Over the last 90 days, insiders purchased 737,424 shares of company stock worth $238,809,939. Insiders own 0.64% 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.
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