Serica Energy plc (LON:SQZ – Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 254.37 and traded as high as GBX 265.60. Serica Energy shares last traded at GBX 263.40, with a volume of 993,061 shares.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on SQZ. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 310 price target on shares of Serica Energy in a research report on Tuesday, June 2nd. Berenberg Bank restated a “buy” rating and set a GBX 365 target price on shares of Serica Energy in a research note on Thursday, August 6th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 340 target price on shares of Serica Energy in a report on Monday, July 27th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 282.29.
View Our Latest Stock Report on SQZ
Serica Energy Trading Up 1.4%
Serica Energy (LON:SQZ – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported GBX 2 EPS for the quarter. Serica Energy had a negative return on equity of 0.62% and a negative net margin of 0.27%. On average, sell-side analysts expect 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. It also has 50% interest in the Columbus development; and 20% interest in the Skerryvore and Ruvaal prospects located in Central North Sea, as well as 100% interest in the North and South Eigg exploration prospects located in the Northern North Sea.
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