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Serica Energy (LON:SQZ) Reaches New 12-Month High - What's Next?

Serica Energy logo with Energy background

Serica Energy plc (LON:SQZ - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The company traded as high as GBX 174.80 ($2.35) and last traded at GBX 174 ($2.34), with a volume of 1694234 shares trading hands. The stock had previously closed at GBX 171.60 ($2.30).

Serica Energy Stock Performance

The business has a 50 day simple moving average of GBX 143.66 and a 200 day simple moving average of GBX 138.36. The company has a quick ratio of 1.22, a current ratio of 1.69 and a debt-to-equity ratio of 26.31. The company has a market capitalization of £889.05 million, a PE ratio of -124.33, a PEG ratio of 2.15 and a beta of 0.44.

Serica Energy (LON:SQZ - Get Free Report) last announced its quarterly earnings data on Tuesday, April 1st. The company reported GBX 0.24 ($0.00) EPS for the quarter. Serica Energy had a negative net margin of 1.09% and a negative return on equity of 1.09%. Equities research analysts predict that Serica Energy plc will post 30.373444 EPS for the current fiscal year.

Serica Energy Increases Dividend

The business also recently declared a dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, April 10th were issued a GBX 10 ($0.13) dividend. The ex-dividend date was Thursday, April 10th. This represents a dividend yield of 7.45%. This is a boost from Serica Energy's previous dividend of $9.00. Serica Energy's dividend payout ratio (DPR) is currently -1,585.15%.

About Serica Energy

(Get Free Report)

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.

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