Serica Energy (LON:SQZ) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Serica Energy plc (LON:SQZ) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 252.15 and traded as high as GBX 265.20. Serica Energy shares last traded at GBX 255, with a volume of 9,978,234 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SQZ. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 310 price objective on shares of Serica Energy in a research note on Tuesday, June 2nd. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 340 target price on shares of Serica Energy in a research note on Monday, July 27th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 365 price target on shares of Serica Energy in a research report on Thursday, August 6th. Seven research 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 282.29.

Serica Energy Price Performance

The firm has a market cap of £995.92 million, a PE ratio of -19.62, a P/E/G ratio of 2.15 and a beta of 0.05. The firm’s fifty day simple moving average is GBX 236.94 and its two-hundred day simple moving average is GBX 252.15. The company has a quick ratio of 1.22, a current ratio of 1.42 and a debt-to-equity ratio of 47.47.

Serica Energy (LON:SQZ) last issued its earnings results on Thursday, August 6th. The company reported GBX 2 earnings per share (EPS) for the quarter. Serica Energy had a negative return on equity of 0.62% and a negative net margin of 0.27%. As a group, research analysts expect that Serica Energy plc will post 30.373444 EPS for the current year.

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.