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

Key Points

• Shares passed above the 50‑day moving average—the 50‑day MA is GBX 341.61, the stock traded as high as GBX 378 and last traded at GBX 372 on a volume of 2,868,427 shares.
• Analysts have raised targets (Berenberg to GBX 450, Stifel to GBX 500); the stock has a consensus "Buy" rating with an average target of GBX 475.
• Key fundamentals: market capitalization £3.69 billion, a negative P/E (-16.52), current ratio 1.76, quick ratio 2.29 and debt‑to‑equity 38.28.

Rose Petroleum plc (ROSE.L) (LON:ROSE - Get Free Report) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 341.61 and traded as high as GBX 378. Rose Petroleum plc (ROSE.L) shares last traded at GBX 372, with a volume of 2,868,427 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ROSE shares. Berenberg Bank boosted 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. Stifel Nicolaus boosted 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. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of GBX 475.

Rose Petroleum plc (ROSE.L) Stock Up 0.9%

The company has a current ratio of 1.76, a quick ratio of 2.29 and a debt-to-equity ratio of 38.28. The firm has a market capitalization of £3.69 billion, a price-to-earnings ratio of -16.52 and a beta of 0.67. The stock has a fifty day moving average of GBX 341.61 and a 200-day moving average of GBX 342.48.

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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