Rose Petroleum plc (ROSE.L) (LON:ROSE) Hits New 1-Year Low – Here’s What Happened

Shares of Rose Petroleum plc (ROSE.L) (LON:ROSE) reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 299 and last traded at GBX 301, with a volume of 2143173 shares. The stock had previously closed at GBX 308.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ROSE. Jefferies Financial Group restated a “buy” rating and issued a GBX 4.70 price target on shares of Rose Petroleum plc (ROSE.L) in a research note on Tuesday, June 2nd. Berenberg Bank reissued a “buy” rating and issued a GBX 450 price objective on shares of Rose Petroleum plc (ROSE.L) in a research note on Monday, June 29th. Finally, Citigroup restated 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. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 1,363.67.

Rose Petroleum plc (ROSE.L) Trading Down 2.3%

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 £2.98 billion, a price-to-earnings ratio of -13.32 and a beta of 0.84. The firm’s 50-day moving average is GBX 342.14 and its 200 day moving average is GBX 341.97.

Insider Buying and Selling at Rose Petroleum plc (ROSE.L)

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