Serica Energy (LON:SQZ) Sets New 12-Month High - Time to Buy?

Serica Energy plc (LON:SQZ - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 174.80 ($2.35) and last traded at GBX 174 ($2.34), with a volume of 1694234 shares traded. The stock had previously closed at GBX 171.60 ($2.31).

Serica Energy Trading Up 1.1%

The business's fifty day simple moving average is GBX 143.66 and its 200 day simple moving average is GBX 138.31. The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31. The stock has a market cap of £889.05 million, a P/E ratio of -124.33, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44.

Serica Energy (LON:SQZ - Get Free Report) last issued 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%. As a group, analysts expect that Serica Energy plc will post 30.373444 EPS for the current year.

Serica Energy Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, April 10th were given a GBX 10 ($0.13) dividend. This represents a yield of 7.45%. This is a positive change from Serica Energy's previous dividend of $9.00. The ex-dividend date of this dividend was Thursday, April 10th. Serica Energy's dividend payout ratio (DPR) is presently -1,585.15%.

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.