Serica Energy (LON:SQZ) Trading 8.4% Higher – Should You Buy?

Shares of Serica Energy plc (LON:SQZ) traded up 8.4% during trading on Tuesday . The company traded as high as GBX 147 ($1.90) and last traded at GBX 145.20 ($1.88). 3,347,482 shares were traded during mid-day trading, an increase of 33% from the average session volume of 2,514,716 shares. The stock had previously closed at GBX 134 ($1.73).

Wall Street Analyst Weigh In

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

Serica Energy Stock Performance

The stock has a fifty day simple moving average of GBX 134.97 and a two-hundred day simple moving average of GBX 136.45. The company has a debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69. The stock has a market cap of £715.58 million, a price-to-earnings ratio of -100.07, a P/E/G ratio of 2.15 and a beta of 0.44.

Serica Energy (LON:SQZ) last announced its quarterly earnings data 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 EPS 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.