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

Rose Petroleum plc (ROSE.L) (LON:ROSE)’s stock price passed 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.

Wall Street Analyst Weigh In

A number of brokerages recently commented 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 reissued a “buy” rating and set a GBX 450 price target on shares of Rose Petroleum plc (ROSE.L) in a report on Friday, September 11th. Four equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 1,481.25.

Rose Petroleum plc (ROSE.L) Stock Performance

The company has a market cap of £3.08 billion, a P/E ratio of -13.81 and a beta of 0.84. The business’s 50 day simple moving average is GBX 320.75 and its 200 day simple moving average is GBX 336.06. The company has a current ratio of 1.72, a quick ratio of 2.29 and a debt-to-equity ratio of 35.18.

Insiders Place Their Bets

In other news, insider Liam Butterworth acquired 161,045 shares of the firm’s stock in a transaction dated Tuesday, October 13th. The shares were purchased at an average cost of GBX 310 per share, for a total transaction of £499,239.50. Also, insider James Christopher Miller acquired 414,803 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were purchased at an average price of GBX 335 per share, for a total transaction of £1,389,590.05. Insiders bought a total of 737,424 shares of company stock worth $238,809,939 over the last three months. 0.67% of the stock is currently owned by company insiders.

Rose Petroleum plc (ROSE.L) Company Profile

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.