Serica Energy plc (LON:SQZ - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 143.90 ($1.91) and traded as high as GBX 175.40 ($2.33). Serica Energy shares last traded at GBX 172.80 ($2.29), with a volume of 1,720,443 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. Shore Capital restated a "buy" rating and issued a GBX 221 ($2.93) price objective on shares of Serica Energy in a research note on Wednesday, July 23rd. Canaccord Genuity Group reissued a "buy" rating and set a GBX 190 ($2.52) price objective on shares of Serica Energy in a research note on Thursday.
Read Our Latest Stock Report on SQZ
Serica Energy Trading Down 3.8%
The company has a debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69. The business's 50 day moving average price is GBX 163.74 and its two-hundred day moving average price is GBX 144.13. The company has a market capitalization of £774.72 million, a price-to-earnings ratio of -108.34, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44.
Insider Buying and Selling
In other news, insider Martin Copeland bought 45,000 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The stock was acquired at an average price of GBX 161 ($2.14) per share, for a total transaction of £72,450 ($96,202.36). 37.70% of the stock is owned by corporate insiders.
About Serica Energy
(
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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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