Serica Energy (LON:SQZ) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Serica Energy plc (LON:SQZ)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 169.32 and traded as high as GBX 215.50. Serica Energy shares last traded at GBX 215.50, with a volume of 1,378,291 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SQZ shares. Shore Capital reaffirmed a “buy” rating and set a GBX 225 price objective on shares of Serica Energy in a report on Wednesday, October 8th. Canaccord Genuity Group boosted their price target on shares of Serica Energy from GBX 215 to GBX 240 and gave the company a “buy” rating in a research report on Friday, October 3rd. Jefferies Financial Group upped their price target on shares of Serica Energy from GBX 190 to GBX 230 and gave the company a “buy” rating in a research note on Monday, October 20th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 207 price objective on shares of Serica Energy in a report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a GBX 215 price objective on shares of Serica Energy in a research note on Wednesday, August 13th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 219.50.

Serica Energy Stock Performance

The stock has a market capitalization of £833.77 million, a P/E ratio of -26.69, a PEG ratio of 2.15 and a beta of 0.44. The company has a quick ratio of 1.22, a current ratio of 1.69 and a debt-to-equity ratio of 26.31. The company has a 50-day moving average price of GBX 187.75 and a two-hundred day moving average price of GBX 169.32.

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.