Serica Energy (LON:SQZ) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Serica Energy plc (LON:SQZGet Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 135.91 ($1.84) and traded as high as GBX 162.40 ($2.20). Serica Energy shares last traded at GBX 151.60 ($2.05), with a volume of 1,804,624 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 200 ($2.71) price objective on shares of Serica Energy in a research note on Tuesday, February 18th.

Check Out Our Latest Analysis on SQZ

Serica Energy Trading Down 4.7%

The firm has a market capitalization of £747.12 million, a PE ratio of -104.48, a P/E/G ratio of 2.15 and a beta of 0.44. The business has a 50 day moving average price of GBX 135 and a 200-day moving average price of GBX 135.91. The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31.

Serica Energy (LON:SQZGet Free Report) last released its quarterly earnings results on Tuesday, April 1st. The company reported GBX 0.24 ($0.00) earnings per share for the quarter. Serica Energy had a negative return on equity of 1.09% and a negative net margin of 1.09%. Analysts expect that Serica Energy plc will post 30.373444 earnings per share for the current year.

Serica Energy Increases Dividend

The company also recently declared a dividend, which was paid on Monday, April 14th. Investors of record on Thursday, April 10th were issued a GBX 10 ($0.14) dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a dividend yield of 7.45%. This is a boost from Serica Energy’s previous dividend of $9.00. Serica Energy’s dividend payout ratio is currently -1,585.15%.

Serica Energy Company Profile

(Get Free Report)

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.

Further Reading

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