Serica Energy (LON:SQZ) Shares Cross Above Fifty Day Moving Average – What’s Next?
by Danessa Lincoln · The Markets DailySerica Energy plc (LON:SQZ – Get Free Report)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 213.22 and traded as high as GBX 279.35. Serica Energy shares last traded at GBX 271.50, with a volume of 14,395,752 shares.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on SQZ. Panmure Gordon dropped their price target on Serica Energy from GBX 270 to GBX 238 and set a “buy” rating for the company in a research report on Tuesday, December 2nd. Shore Capital Group reiterated a “buy” rating and set a GBX 235 price objective on shares of Serica Energy in a research report on Thursday, January 22nd. Finally, Canaccord Genuity Group boosted their price objective on Serica Energy from GBX 225 to GBX 230 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Serica Energy presently has an average rating of “Buy” and an average target price of GBX 225.83.
Get Our Latest Stock Analysis on Serica Energy
Serica Energy Stock Performance
The firm has a 50 day simple moving average of GBX 213.22 and a 200-day simple moving average of GBX 194.66. The company has a debt-to-equity ratio of 31.14, a current ratio of 1.72 and a quick ratio of 1.22. The company has a market cap of £962.65 million, a price-to-earnings ratio of -30.81, a PEG ratio of 2.15 and a beta of 0.05.
Insider Buying and Selling at Serica Energy
In other Serica Energy news, insider Chris Cox purchased 64,007 shares of the stock in a transaction dated Tuesday, December 16th. The stock was acquired at an average cost of GBX 170 per share, for a total transaction of £108,811.90. Corporate insiders own 63.82% of the company’s stock.
Serica Energy Company Profile
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. It also has 50% interest in the Columbus development; and 20% interest in the Skerryvore and Ruvaal prospects located in Central North Sea, as well as 100% interest in the North and South Eigg exploration prospects located in the Northern North Sea.