Serica Energy (LON:SQZ) Trading Up 8.4% – What’s Next?

Serica Energy plc (LON:SQZ) shares rose 8.4% on Wednesday . The company traded as high as GBX 147 ($1.93) and last traded at GBX 145.20 ($1.90). Approximately 3,347,482 shares changed hands during mid-day trading, an increase of 33% from the average daily volume of 2,514,716 shares. The stock had previously closed at GBX 134 ($1.76).

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SQZ shares. Berenberg Bank reiterated a “buy” rating and set a GBX 200 ($2.62) price target on shares of Serica Energy in a research note on Tuesday, February 18th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 200 ($2.62) target price on shares of Serica Energy in a research report on Thursday, January 23rd.

Serica Energy Stock Down 4.2 %

The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31. The firm has a market capitalization of £633.77 million, a P/E ratio of -88.63, a P/E/G ratio of 2.15 and a beta of 0.44. The stock’s 50-day simple moving average is GBX 134.73 and its 200-day simple moving average is GBX 136.58.

Serica Energy (LON:SQZ) last released its earnings results on Tuesday, April 1st. The company reported GBX 0.24 ($0.00) earnings per share (EPS) for the quarter. Serica Energy had a negative return on equity of 1.09% and a negative net margin of 1.09%. As a group, research analysts predict that Serica Energy plc will post 30.373444 earnings per share for the current fiscal year.

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.