Serica Energy plc (LON:SQZ - Get Free Report) was up 14.6% during mid-day trading on Tuesday . The company traded as high as GBX 198.80 ($2.67) and last traded at GBX 197.40 ($2.65). Approximately 5,177,625 shares changed hands during trading, an increase of 154% from the average daily volume of 2,035,568 shares. The stock had previously closed at GBX 172.20 ($2.31).
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on SQZ shares. Shore Capital reaffirmed a "buy" rating on shares of Serica Energy in a research report on Wednesday, September 10th. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 215 price objective on shares of Serica Energy in a report on Tuesday, September 16th. Jefferies Financial Group reissued a "buy" rating and issued a GBX 190 price objective on shares of Serica Energy in a report on Tuesday, August 5th. Peel Hunt reissued a "buy" rating and issued a GBX 207 price objective on shares of Serica Energy in a report on Tuesday. Finally, JPMorgan Chase & Co. reissued a "buy" rating and issued a GBX 215 price objective on shares of Serica Energy in a report on Wednesday, August 13th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of GBX 207.83.
Read Our Latest Report on SQZ
Serica Energy Price Performance
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 business has a 50-day moving average price of GBX 169.12 and a two-hundred day moving average price of GBX 153.32. The firm has a market capitalization of £770.90 million, a price-to-earnings ratio of -2,467.50, a PEG ratio of 2.15 and a beta of 0.44.
Insider Transactions at Serica Energy
In other Serica Energy news, insider Martin Copeland acquired 45,000 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The stock was acquired at an average cost of GBX 161 per share, with a total value of £72,450. 63.80% of the stock is owned by company insiders.
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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