Serica Energy plc (LON:SQZ - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 134.01 ($1.78) and traded as low as GBX 117.28 ($1.55). Serica Energy shares last traded at GBX 127 ($1.68), with a volume of 2,042,265 shares trading hands.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 200 ($2.65) target price on shares of Serica Energy in a research note on Thursday, January 23rd. Berenberg Bank reaffirmed a "buy" rating and set a GBX 200 ($2.65) price objective on shares of Serica Energy in a research report on Tuesday, February 18th.
Get Our Latest Stock Analysis on Serica Energy
Serica Energy Trading Up 8.6 %
The company has a debt-to-equity ratio of 26.31, a current ratio of 1.69 and a quick ratio of 1.22. The business's 50-day moving average is GBX 127.96 and its two-hundred day moving average is GBX 133.75. The firm has a market cap of £685.02 million, a P/E ratio of -95.80, a P/E/G ratio of 2.15 and a beta of 0.44.
Serica Energy (LON:SQZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 1st. The company reported GBX 0.24 ($0.00) 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, analysts predict that Serica Energy plc will post 30.373444 earnings per share for the current fiscal year.
Serica Energy Increases Dividend
The business also recently declared a dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, April 10th were given a dividend of GBX 10 ($0.13) per share. This is a positive change from Serica Energy's previous dividend of $9.00. The ex-dividend date was Thursday, April 10th. This represents a dividend yield of 7.45%. Serica Energy's payout ratio is -1,585.15%.
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.
Further Reading
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