Rose Petroleum plc (ROSE.L) (LON:ROSE) Stock Passes Below 200-Day Moving Average – Here’s Why

Rose Petroleum plc (ROSE.L) (LON:ROSEGet Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 340.30 and traded as low as GBX 315. Rose Petroleum plc (ROSE.L) shares last traded at GBX 316.75, with a volume of 717,172 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus increased their price objective on shares of Rose Petroleum plc (ROSE.L) from GBX 420 to GBX 500 and gave the stock a “buy” rating in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 500.

View Our Latest Stock Analysis on Rose Petroleum plc (ROSE.L)

Rose Petroleum plc (ROSE.L) Price Performance

The company has a market capitalization of £1.29 billion, a P/E ratio of -668.83 and a beta of 1.01. The stock’s fifty day simple moving average is GBX 334.65 and its 200-day simple moving average is GBX 340.30. The company has a debt-to-equity ratio of 38.28, a current ratio of 1.76 and a quick ratio of 2.29.

Rose Petroleum plc (ROSE.L) Company Profile

(Get Free Report)

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.

Further Reading

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