Serica Energy (LON:SQZ - Get Free Report) released its earnings results on Tuesday. The company reported GBX 0.24 ($0.00) EPS for the quarter, Digital Look Earnings reports. Serica Energy had a negative return on equity of 1.09% and a negative net margin of 1.09%.
Serica Energy Stock Performance
Shares of Serica Energy stock traded down GBX 10 ($0.13) during trading hours on Friday, reaching GBX 124.20 ($1.60). 9,813,649 shares of the stock traded hands, compared to its average volume of 2,598,717. Serica Energy has a one year low of GBX 110.40 ($1.42) and a one year high of GBX 210 ($2.71). The firm has a market capitalization of £612.09 million, a price-to-earnings ratio of -85.60, a P/E/G ratio of 2.15 and a beta of 0.44. 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 company has a 50 day moving average price of GBX 134.35 and a 200 day moving average price of GBX 136.49.
Serica Energy Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, July 25th. Shareholders of record on Thursday, June 26th will be given a GBX 10 ($0.13) dividend. This represents a yield of 7.45%. This is a boost from Serica Energy's previous dividend of $9.00. The ex-dividend date of this dividend is Thursday, June 26th. Serica Energy's dividend payout ratio (DPR) is presently -1,585.15%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on SQZ. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 200 ($2.58) 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 ($2.58) price objective on shares of Serica Energy in a research report on Thursday, January 23rd.
Read Our Latest Analysis on SQZ
About Serica Energy
(
Get Free Report)
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.
Further Reading
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