Serica Energy (LON:SQZ) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Serica Energy plc (LON:SQZ) shares passed 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.

Analyst Ratings Changes

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

Serica Energy Price Performance

The stock has a market capitalization of £822.64 million, a PE ratio of -26.33, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44. The business’s 50-day moving average price is GBX 182.49 and its 200 day moving average price is GBX 182.39. The company has a debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69.

Insider Buying and Selling

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

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.