Rose Petroleum plc (ROSE.L) (LON:ROSE) Reaches New 12-Month Low – Should You Sell?

Rose Petroleum plc (ROSE.L) (LON:ROSE)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 299 and last traded at GBX 301, with a volume of 2143173 shares. The stock had previously closed at GBX 308.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ROSE. Jefferies Financial Group reiterated a “buy” rating and set a GBX 4.70 target price on shares of Rose Petroleum plc (ROSE.L) in a research report on Tuesday, June 2nd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 450 price objective on shares of Rose Petroleum plc (ROSE.L) in a research report on Monday, June 29th. Finally, Citigroup reaffirmed a “buy” rating and set a GBX 4,500 price objective on shares of Rose Petroleum plc (ROSE.L) in a research report on Tuesday, June 2nd. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 1,363.67.

Rose Petroleum plc (ROSE.L) Trading Down 1.0%

The firm’s 50-day simple moving average is GBX 339.30 and its 200 day simple moving average is GBX 341.36. 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 firm has a market capitalization of £2.96 billion, a price-to-earnings ratio of -13.23 and a beta of 0.84.

Insider Buying and Selling at Rose Petroleum plc (ROSE.L)

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

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.