Serica Energy plc (LON:SQZ - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 145.89 ($1.97) and traded as high as GBX 167 ($2.25). Serica Energy shares last traded at GBX 166.40 ($2.24), with a volume of 1,024,684 shares changing hands.
Analysts Set New Price Targets
A number of brokerages have issued reports on SQZ. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 190 price target on shares of Serica Energy in a research note on Thursday, July 31st. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 190 price target on shares of Serica Energy in a research note on Tuesday, August 5th. Shore Capital reaffirmed a "buy" rating on shares of Serica Energy in a research note on Friday. Finally, JPMorgan Chase & Co. reaffirmed a "buy" rating and set a GBX 215 price target on shares of Serica Energy in a research note on Wednesday, August 13th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Serica Energy currently has a consensus rating of "Buy" and a consensus target price of GBX 203.
View Our Latest Analysis on SQZ
Serica Energy Trading Up 1.3%
The firm has a market capitalization of £872.30 million, a P/E ratio of -121.99, a price-to-earnings-growth 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 moving average price of GBX 167.19 and a two-hundred day moving average price of GBX 146.90.
Insider Buying and Selling at Serica Energy
In related news, insider Martin Copeland acquired 45,000 shares of Serica Energy stock in a transaction dated Thursday, July 3rd. The stock was acquired at an average cost of GBX 161 per share, with a total value of £72,450. 37.70% of the stock is currently owned by corporate insiders.
Serica Energy Company Profile
(
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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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