Serica Energy (LON:SQZ) Shares Up 8.4% – Here’s What Happened

Serica Energy plc (LON:SQZ)’s share price rose 8.4% on Tuesday . The stock traded as high as GBX 147 ($1.90) and last traded at GBX 145.20 ($1.88). Approximately 3,347,482 shares traded 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 ($1.73).

Analyst Ratings Changes

SQZ has been the subject of several research analyst reports. Berenberg Bank restated a “buy” rating and set a GBX 200 ($2.59) price target on shares of Serica Energy in a research report on Tuesday, February 18th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 200 ($2.59) price target on shares of Serica Energy in a research report on Thursday, January 23rd.

Serica Energy Stock Up 8.4 %

The firm has a market cap of £715.58 million, a PE ratio of -100.07, a price-to-earnings-growth 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 business has a 50-day moving average price of GBX 134.97 and a two-hundred day moving average price of GBX 136.45.

Serica Energy (LON:SQZ) last issued 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%. On average, equities research analysts expect that Serica Energy plc will post 30.373444 EPS for the current 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.