Serica Energy plc (LON:SQZ - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 172.87 ($2.35) and last traded at GBX 165.42 ($2.24), with a volume of 1265448 shares traded. The stock had previously closed at GBX 162.20 ($2.20).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 200 ($2.71) price target on shares of Serica Energy in a research report on Tuesday, February 18th.
Check Out Our Latest Report on SQZ
Serica Energy Price Performance
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's 50 day moving average is GBX 138.98 and its 200 day moving average is GBX 137.13. The firm has a market capitalization of £828.93 million, a price-to-earnings ratio of -115.92, a P/E/G ratio of 2.15 and a beta of 0.44.
Serica Energy (LON:SQZ - Get Free Report) last released its quarterly earnings results 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%. On average, equities research analysts anticipate that Serica Energy plc will post 30.373444 earnings per share for the current fiscal year.
Serica Energy Increases Dividend
The firm also recently declared a dividend, which was paid on Monday, April 14th. Investors of record on Thursday, April 10th were paid a GBX 10 ($0.14) dividend. The ex-dividend date was Thursday, April 10th. This is an increase from Serica Energy's previous dividend of $9.00. This represents a dividend yield of 7.45%. Serica Energy's dividend payout ratio is -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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