Serica Energy (LON:SQZ) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Serica Energy plc (LON:SQZ)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Analysts Set New Price Targets

Several equities analysts have commented on SQZ shares. Jefferies Financial Group lifted their target price on shares of Serica Energy from GBX 190 to GBX 230 and gave the stock a “buy” rating in a research report on Monday, October 20th. Peel Hunt reaffirmed a “buy” rating and set a GBX 207 price target on shares of Serica Energy in a research report on Tuesday, November 4th. Panmure Gordon cut their price objective on Serica Energy from GBX 270 to GBX 238 and set a “buy” rating on the stock in a research report on Tuesday, December 2nd. Canaccord Genuity Group upped their price objective on Serica Energy from GBX 225 to GBX 230 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Shore Capital reiterated a “buy” rating and set a GBX 235 target price on shares of Serica Energy in a research note on Thursday, January 22nd. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 222.14.

Serica Energy Trading Down 1.1%

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 firm has a fifty day simple moving average of GBX 182.49 and a two-hundred day simple moving average of GBX 182.39. The firm has a market capitalization of £822.64 million, a P/E ratio of -26.33, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44.

Insider Buying and Selling at Serica Energy

In other news, insider Chris Cox acquired 64,007 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was bought at an average price of GBX 170 per share, with a total value of £108,811.90. Insiders own 63.80% 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.