Serica Energy (LON:SQZ) Shares Cross Above 200 Day Moving Average - Time to Sell?

Shares of 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 134.03 ($1.82) and traded as high as GBX 141.80 ($1.92). Serica Energy shares last traded at GBX 140 ($1.90), with a volume of 864,929 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 200 ($2.71) price objective on shares of Serica Energy in a research report on Tuesday, February 18th.

Serica Energy Trading Up 2.6%

The firm's 50-day moving average price is GBX 130.88 and its 200-day moving average price is GBX 134.25. 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 cap of £722.09 million, a P/E ratio of -100.98, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44.

Serica Energy (LON:SQZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 1st. The company reported GBX 0.24 ($0.00) earnings per share (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, equities research analysts expect 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. Stockholders of record on Thursday, April 10th were given a GBX 10 ($0.14) dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a dividend yield of 7.45%. This is a positive change from Serica Energy's previous dividend of $9.00. Serica Energy's payout ratio is -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.