Serica Energy plc (LON:SQZ - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 135.91 ($1.84) and traded as high as GBX 162.40 ($2.20). Serica Energy shares last traded at GBX 151.60 ($2.05), with a volume of 1,804,624 shares.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reissued a "buy" rating and set a GBX 200 ($2.71) price target on shares of Serica Energy in a report on Tuesday, February 18th.
Get Our Latest Analysis on Serica Energy
Serica Energy Stock Down 4.7%
The firm's fifty day moving average is GBX 135 and its 200-day moving average is GBX 135.91. The stock has a market capitalization of £747.12 million, a PE ratio of -104.48, a PEG ratio of 2.15 and a beta of 0.44. The company has a quick ratio of 1.22, a current ratio of 1.69 and a debt-to-equity ratio of 26.31.
Serica Energy (LON:SQZ - Get Free Report) last released its quarterly earnings results on Tuesday, April 1st. The company reported GBX 0.24 ($0.00) earnings per share for the quarter. Serica Energy had a negative net margin of 1.09% and a negative return on equity of 1.09%. On average, equities research analysts predict that Serica Energy plc will post 30.373444 earnings per share for the current year.
Serica Energy Increases Dividend
The company also recently declared a dividend, which was paid on Monday, April 14th. Investors of record on Thursday, April 10th were issued a dividend of GBX 10 ($0.14) per share. This represents a yield of 7.45%. This is a positive change from Serica Energy's previous dividend of $9.00. The ex-dividend date was Thursday, April 10th. Serica Energy's dividend payout ratio (DPR) is presently -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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