Rose Petroleum plc (ROSE.L) (LON:ROSE) Stock Price Passes Above Fifty Day Moving Average - What's Next?

Key Points

• Rose Petroleum stock crossed above its 50-day moving average, trading as high as GBX 375 and last at GBX 368.33 on heavy volume of 45,077,426 shares (50‑day MA = GBX 337.28).
• Analyst sentiment is bullish: Stifel raised its target to GBX 500 and Berenberg to GBX 450, leaving a MarketBeat consensus Buy rating with a consensus price target of GBX 475.
• Company fundamentals: Rose Petroleum (market cap £3.64 billion) holds a 75% interest in ~80,000 net acres in Utah’s Paradox Basin, but posts a negative P/E of -16.30 and a debt/equity ratio of 38.28.

Shares of Rose Petroleum plc (ROSE.L) (LON:ROSE - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 337.28 and traded as high as GBX 375. Rose Petroleum plc (ROSE.L) shares last traded at GBX 368.33, with a volume of 45,077,426 shares traded.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stifel Nicolaus upped 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 report on Thursday, March 5th. Berenberg Bank upped 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 report on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Rose Petroleum plc (ROSE.L) presently has a consensus rating of "Buy" and a consensus price target of GBX 475.

Rose Petroleum plc (ROSE.L) Trading Down 1.3%

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 £3.64 billion, a P/E ratio of -16.30 and a beta of 0.67. The firm has a 50-day moving average of GBX 337.28 and a two-hundred day moving average of GBX 341.53.

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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