Rose Petroleum plc (ROSE.L) (LON:ROSE) Stock Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• Rose Petroleum shares crossed above their 50-day moving average, reaching GBX 348 before last trading at GBX 344 on volume of 1.19 million shares. The stock was down 0.9% in the session.
• All four tracked analysts rate the stock a Buy, with a consensus price target of GBX 1,481.25; recent targets from Berenberg and Jefferies were GBX 450 and GBX 475, respectively.
• Insiders recently purchased shares, including Simon Antony Peckham’s roughly £350,000 acquisition and Liam Butterworth’s nearly £100,000 purchase. Corporate insiders own 0.53% of the company.

Rose Petroleum plc (ROSE.L) (LON:ROSE - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 332.83 and traded as high as GBX 348. Rose Petroleum plc (ROSE.L) shares last traded at GBX 344, with a volume of 1,186,200 shares traded.

Analyst Upgrades and Downgrades

ROSE has been the subject of several research analyst reports. Berenberg Bank restated a "buy" rating and issued a GBX 450 price objective on shares of Rose Petroleum plc (ROSE.L) in a research note on Thursday, July 23rd. Jefferies Financial Group reissued a "buy" rating and issued a GBX 475 target price on shares of Rose Petroleum plc (ROSE.L) in a report on Thursday, July 30th. Finally, Citigroup reissued a "buy" rating and issued a GBX 4,500 target price on shares of Rose Petroleum plc (ROSE.L) in a report on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of GBX 1,481.25.

Rose Petroleum plc (ROSE.L) Trading Down 0.9%

The business's 50-day moving average price is GBX 332.83 and its 200-day moving average price is GBX 340.66. The firm has a market capitalization of £3.40 billion, a PE ratio of -15.22 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.

Insiders Place Their Bets

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

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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