Rose Petroleum plc (ROSE.L) (LON:ROSE) Reaches New 12-Month Low – What’s Next?

Rose Petroleum plc (ROSE.L) (LON:ROSE) shares reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 294 and last traded at GBX 299, with a volume of 1204434 shares changing hands. The stock had previously closed at GBX 295.

Analyst Ratings Changes

ROSE has been the subject of several recent analyst reports. Citigroup restated a “buy” rating and set a GBX 4,500 target price on shares of Rose Petroleum plc (ROSE.L) in a research note on Tuesday, June 2nd. Berenberg Bank reissued a “buy” rating and set a GBX 450 price objective on shares of Rose Petroleum plc (ROSE.L) in a report on Monday, June 29th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 4.70 price objective on shares of Rose Petroleum plc (ROSE.L) in a report on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, Rose Petroleum plc (ROSE.L) currently has an average rating of “Buy” and an average price target of GBX 1,363.67.

Rose Petroleum plc (ROSE.L) Stock Up 7.7%

The firm’s 50 day simple moving average is GBX 336.62 and its 200-day simple moving average is GBX 340.66. The company has a market cap of £3.18 billion, a price-to-earnings ratio of -14.25 and a beta of 0.84. The company has a debt-to-equity ratio of 38.28, a current ratio of 1.76 and a quick ratio of 2.29.

Insider Activity

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