Serica Energy (LON:SQZ) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Serica Energy shares crossed above their 200-day moving average, reaching GBX 265.60 and last trading at GBX 263.40, compared with a 200-day average of GBX 254.37.
• Analysts remain bullish: all seven covering analysts rate the stock a Buy, with a consensus price target of GBX 282.29 and individual targets ranging from GBX 310 to GBX 365.
• The company reported quarterly earnings of GBX 2 per share, while financial metrics included a £1.03 billion market capitalization, 1.42 current ratio, and 47.47 debt-to-equity ratio.

Serica Energy plc (LON:SQZ - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 254.37 and traded as high as GBX 265.60. Serica Energy shares last traded at GBX 263.40, with a volume of 993,061 shares.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SQZ shares. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 340 target price on shares of Serica Energy in a research report on Monday, July 27th. Berenberg Bank restated a "buy" rating and set a GBX 365 price target on shares of Serica Energy in a research report on Thursday, August 6th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 310 price objective on shares of Serica Energy in a research note on Tuesday, June 2nd. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Serica Energy presently has an average rating of "Buy" and a consensus price target of GBX 282.29.

Serica Energy Price Performance

The company's 50-day moving average price is GBX 240.29 and its 200-day moving average price is GBX 254.37. The company has a quick ratio of 1.22, a current ratio of 1.42 and a debt-to-equity ratio of 47.47. The firm has a market cap of £1.03 billion, a price-to-earnings ratio of -19.98, a PEG ratio of 2.15 and a beta of 0.05.

Serica Energy (LON:SQZ - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported GBX 2 earnings per share for the quarter. Serica Energy had a negative net margin of 0.27% and a negative return on equity of 0.62%. On average, equities research analysts forecast that Serica Energy plc will post 30.373444 EPS for the current year.

Serica Energy Company Profile

Serica Energy plc, an upstream oil and gas company, identifies, acquires, explores, exploits, and produces oil and gas reserves in the United Kingdom. The company holds 100% interest in the Keith oil field; 98% interest in the Bruce field; and 50% interest in the Rhum gas field located in the Northern North Sea, as well as 18% non-operating interest in the Erskine field located in Central North Sea. It also has 50% interest in the Columbus development; and 20% interest in the Skerryvore and Ruvaal prospects located in Central North Sea, as well as 100% interest in the North and South Eigg exploration prospects located in the Northern North Sea.

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