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Serica Energy (LON:SQZ) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Serica Energy logo with Energy background

Serica Energy plc (LON:SQZ - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 139.52 ($1.92) and traded as high as GBX 165 ($2.27). Serica Energy shares last traded at GBX 162.80 ($2.24), with a volume of 2,237,204 shares changing hands.

Serica Energy Stock Performance

The company has a market capitalization of £786.55 million, a price-to-earnings ratio of -110.00, a P/E/G ratio of 2.15 and a beta of 0.44. 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 firm has a 50-day simple moving average of GBX 148.69 and a two-hundred day simple moving average of GBX 139.90.

Serica Energy (LON:SQZ - Get Free Report) last issued 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%. On average, sell-side analysts anticipate that Serica Energy plc will post 30.373444 EPS for the current fiscal year.

Serica Energy Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, April 10th were given a GBX 10 ($0.14) dividend. This represents a yield of 7.45%. The ex-dividend date was Thursday, April 10th. This is a boost from Serica Energy's previous dividend of $9.00. Serica Energy's dividend payout ratio (DPR) is currently -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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