Serica Energy plc (LON:SQZ - Get Free Report) shares were up 14.6% during trading on Wednesday . 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 ($2.32).
Analysts Set New Price Targets
A number of research analysts have commented on SQZ shares. Canaccord Genuity Group restated a "buy" rating and set a GBX 215 price objective on shares of Serica Energy in a research note on Tuesday, September 16th. Shore Capital restated a "buy" rating on shares of Serica Energy in a research note on Wednesday, September 10th. Peel Hunt restated a "buy" rating and set a GBX 207 price objective on shares of Serica Energy in a research note on Tuesday. JPMorgan Chase & Co. reaffirmed a "buy" rating and set a GBX 215 target price on shares of Serica Energy in a research report on Wednesday, August 13th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 190 target price 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, Based on data from MarketBeat, Serica Energy presently has a consensus rating of "Buy" and a consensus price target of GBX 207.83.
Read Our Latest Research Report on SQZ
Serica Energy Stock Performance
The firm has a market capitalization of £776.37 million, a PE ratio of -2,485.00, 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 current ratio of 1.69 and a quick ratio of 1.22. The stock has a 50-day moving average price of GBX 169.78 and a 200-day moving average price of GBX 153.62.
Insider Activity
In other news, insider Martin Copeland acquired 45,000 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was purchased at an average cost of GBX 161 per share, with a total value of £72,450. Insiders own 63.80% of the company's stock.
Serica Energy Company Profile
(
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.
See Also
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