Serica Energy plc (LON:SQZ - Get Free Report) shares rose 14.6% on Tuesday . The stock 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 mid-day trading, an increase of 154% from the average daily volume of 2,035,568 shares. The stock had previously closed at GBX 172.20 ($2.32).
Analyst Ratings Changes
SQZ has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reiterated a "buy" rating and issued a GBX 215 target price on shares of Serica Energy in a report on Wednesday, August 13th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 215 price objective on shares of Serica Energy in a research note on Tuesday, September 16th. Peel Hunt reiterated a "buy" rating and set a GBX 207 target price on shares of Serica Energy in a report on Tuesday. Shore Capital reissued a "buy" rating on shares of Serica Energy in a research report on Wednesday, September 10th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 190 price target on shares of Serica Energy in a research report on Tuesday, August 5th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Serica Energy currently has an average rating of "Buy" and a consensus target price of GBX 207.83.
View Our Latest Analysis on SQZ
Serica Energy Trading Up 3.1%
The firm has a market capitalization of £794.72 million, a PE ratio of -2,543.75, 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 fifty day moving average of GBX 169.78 and a 200 day moving average of GBX 153.62.
Insider Transactions at Serica Energy
In other news, insider Martin Copeland acquired 45,000 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were bought at an average price of GBX 161 per share, for a total transaction 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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