Rose Petroleum plc (ROSE.L) (LON:ROSE) Stock Crosses Below 200-Day Moving Average - Time to Sell?

Key Points

• Rose Petroleum shares fell below their 200-day moving average, trading as low as GBX 321 and closing at GBX 321.91, down 2.2% with more than 10.1 million shares traded.
• Despite the technical weakness, analysts maintained a positive outlook: four analysts rate the stock a Buy, with a consensus price target of GBX 1,481.25.
• Insiders have been buying shares; executives purchased more than 555,000 shares over the past three months, while insiders collectively own 0.53% of the company.

Rose Petroleum plc (ROSE.L) (LON:ROSE - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 340.96 and traded as low as GBX 321. Rose Petroleum plc (ROSE.L) shares last traded at GBX 321.91, with a volume of 10,135,624 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Citigroup reissued a "buy" rating and issued a GBX 4,500 target price on shares of Rose Petroleum plc (ROSE.L) in a research report on Tuesday, June 2nd. Jefferies Financial Group reissued a "buy" rating and set a GBX 475 price objective on shares of Rose Petroleum plc (ROSE.L) in a report on Friday, September 4th. Finally, Berenberg Bank restated a "buy" rating and set a GBX 450 price objective on shares of Rose Petroleum plc (ROSE.L) in a research report on Friday, September 11th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of GBX 1,481.25.

Rose Petroleum plc (ROSE.L) Trading Down 2.2%

The company has a current ratio of 1.72, a quick ratio of 2.29 and a debt-to-equity ratio of 35.18. The stock has a market capitalization of £3.18 billion, a PE ratio of -14.24 and a beta of 0.84. The stock has a 50 day moving average price of GBX 336.58 and a 200-day moving average price of GBX 340.96.

Insiders Place Their Bets

In other Rose Petroleum plc (ROSE.L) news, insider Liam Butterworth purchased 31,074 shares of Rose Petroleum plc (ROSE.L) stock in a transaction dated Friday, June 26th. The stock was purchased at an average price of GBX 321 per share, with a total value of £99,747.54. Also, insider Simon Antony Peckham purchased 109,737 shares of Rose Petroleum plc (ROSE.L) stock in a transaction dated Friday, June 26th. The shares were acquired at an average cost of GBX 319 per share, with a total value of £350,061.03. Over the last three months, insiders have bought 555,614 shares of company stock valued at $183,939,862. Insiders own 0.53% of the company's stock.

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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