Serica Energy (LON:SQZ) Shares Up 8.4% – Time to Buy?

Serica Energy plc (LON:SQZ) traded up 8.4% during trading on Wednesday . The company traded as high as GBX 147 ($1.93) and last traded at GBX 145.20 ($1.90). 3,347,482 shares changed hands during trading, an increase of 33% from the average session volume of 2,514,716 shares. The stock had previously closed at GBX 134 ($1.76).

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 200 ($2.62) price target on shares of Serica Energy in a research note on Tuesday, February 18th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 200 ($2.62) target price on shares of Serica Energy in a research report on Thursday, January 23rd.

Serica Energy Trading Down 3.4 %

The firm has a 50-day simple moving average of GBX 134.73 and a 200-day simple moving average of GBX 136.58. 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 stock has a market cap of £638.66 million, a PE ratio of -89.31, a P/E/G ratio of 2.15 and a beta of 0.44.

Serica Energy (LON:SQZ) last issued its quarterly earnings data on Tuesday, April 1st. The company reported GBX 0.24 ($0.00) earnings per share (EPS) for the quarter. Serica Energy had a negative return on equity of 1.09% and a negative net margin of 1.09%. Equities analysts forecast that Serica Energy plc will post 30.373444 earnings per share 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.