Serica Energy (LON:SQZ) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Serica Energy plc (LON:SQZ) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 135.71 ($1.75) and traded as low as GBX 123 ($1.58). Serica Energy shares last traded at GBX 123.80 ($1.59), with a volume of 1,266,744 shares traded.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SQZ. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 200 ($2.57) price target on shares of Serica Energy in a report on Thursday, January 23rd. Berenberg Bank reiterated a “buy” rating and set a GBX 200 ($2.57) price target on shares of Serica Energy in a research report on Tuesday, February 18th.

Serica Energy Stock Up 5.5 %

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 capitalization of £660.38 million, a price-to-earnings ratio of -92.35, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44. The firm has a 50-day moving average of GBX 136.20 and a two-hundred day moving average of GBX 135.86.

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.