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

Shares of Rose Petroleum plc (ROSE.L) (LON:ROSEGet Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 356.14 and traded as high as GBX 364. Rose Petroleum plc (ROSE.L) shares last traded at GBX 361.59, with a volume of 2,405,365 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ROSE shares. Jefferies Financial Group reissued a “buy” rating and issued a GBX 4.70 price target on shares of Rose Petroleum plc (ROSE.L) in a research note on Tuesday, June 2nd. Citigroup reissued a “buy” rating and issued a GBX 4,500 price target on shares of Rose Petroleum plc (ROSE.L) in a research note on Tuesday, June 2nd. Stifel Nicolaus raised their price objective on Rose Petroleum plc (ROSE.L) from GBX 420 to GBX 500 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Finally, Berenberg Bank raised their price objective on Rose Petroleum plc (ROSE.L) from GBX 440 to GBX 450 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Rose Petroleum plc (ROSE.L) has an average rating of “Buy” and a consensus target price of GBX 1,363.68.

Read Our Latest Stock Analysis on Rose Petroleum plc (ROSE.L)

Rose Petroleum plc (ROSE.L) Price Performance

The company has a 50 day moving average of GBX 356.14 and a 200 day moving average of GBX 344.46. The firm has a market cap of £3.51 billion, a price-to-earnings ratio of -15.72 and a beta of 0.83. The company has a current ratio of 1.76, a quick ratio of 2.29 and a debt-to-equity ratio of 38.28.

About Rose Petroleum plc (ROSE.L)

(Get Free Report)

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.

Further Reading

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