Serica Energy (LON:SQZ) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Serica Energy plc (LON:SQZ)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 182.39 and traded as high as GBX 222.50. Serica Energy shares last traded at GBX 213, with a volume of 34,984,555 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SQZ shares. Canaccord Genuity Group boosted their price target on Serica Energy from GBX 225 to GBX 230 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Jefferies Financial Group boosted their price objective on shares of Serica Energy from GBX 190 to GBX 230 and gave the stock a “buy” rating in a research note on Monday, October 20th. Peel Hunt restated a “buy” rating and set a GBX 207 target price on shares of Serica Energy in a research note on Tuesday, November 4th. Shore Capital reaffirmed a “buy” rating and set a GBX 235 price objective on shares of Serica Energy in a research report on Thursday, January 22nd. Finally, Panmure Gordon reduced their target price 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. Seven analysts have rated the stock with a Buy rating, According to MarketBeat.com, Serica Energy has an average rating of “Buy” and an average price target of GBX 222.14.

Serica Energy Stock Performance

The company has a quick ratio of 1.22, a current ratio of 1.69 and a debt-to-equity ratio of 26.31. The firm has a market cap of £839.63 million, a P/E ratio of -26.88, a PEG ratio of 2.15 and a beta of 0.44. The firm has a fifty day moving average of GBX 182.82 and a 200-day moving average of GBX 182.73.

Insider Activity

In other Serica Energy news, insider Chris Cox purchased 64,007 shares of the stock in a transaction on Tuesday, December 16th. The stock was bought at an average cost of GBX 170 per share, for a total transaction of £108,811.90. 63.80% of the stock is owned by company insiders.

About Serica Energy

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.