Serica Energy plc (LON:SQZ - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 147.56 ($1.98) and traded as high as GBX 181.80 ($2.44). Serica Energy shares last traded at GBX 180 ($2.41), with a volume of 1,487,286 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on SQZ shares. JPMorgan Chase & Co. reissued a "buy" rating and set a GBX 215 price objective on shares of Serica Energy in a report on Wednesday, August 13th. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 190 price objective on shares of Serica Energy in a research note on Thursday, July 31st. Shore Capital reissued a "buy" rating on shares of Serica Energy in a report on Friday, August 22nd. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 190 price target on shares of Serica Energy in a report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Serica Energy currently has an average rating of "Buy" and an average target price of GBX 203.
Read Our Latest Stock Analysis on Serica Energy
Serica Energy Price Performance
The company has a 50 day moving average of GBX 167.34 and a 200 day moving average of GBX 147.82. 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 firm has a market cap of £699.82 million, a price-to-earnings ratio of 779.13, a P/E/G ratio of 2.15 and a beta of 0.44.
Insider Activity at Serica Energy
In related news, insider Martin Copeland acquired 45,000 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The shares were acquired at an average cost of GBX 161 per share, for a total transaction of £72,450. 63.80% of the stock is currently owned by insiders.
Serica Energy Company Profile
(
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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