Serica Energy (LON:SQZ) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Serica Energy plc (LON:SQZ) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

SQZ has been the topic of several recent analyst reports. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a GBX 215 price target on shares of Serica Energy in a report on Wednesday, August 13th. Peel Hunt restated a “buy” rating and issued a GBX 207 price objective on shares of Serica Energy in a research report on Tuesday, November 4th. Shore Capital reiterated a “buy” rating and set a GBX 225 target price on shares of Serica Energy in a research 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 stock a “buy” rating in a research note on Friday, October 3rd. Finally, Jefferies Financial Group increased their price target on shares of Serica Energy from GBX 190 to GBX 230 and gave the stock a “buy” rating in a report on Monday, October 20th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Serica Energy has an average rating of “Buy” and a consensus target price of GBX 219.50.

Serica Energy Price Performance

The stock has a market capitalization of £833.77 million, a P/E ratio of -26.69, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44. 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 firm has a 50-day moving average price of GBX 187.75 and a 200 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.