Serica Energy (LON:SQZ) Shares Cross Below 200-Day Moving Average - What's Next?

Serica Energy plc (LON:SQZ - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 135.71 ($1.76) and traded as low as GBX 123 ($1.59). Serica Energy shares last traded at GBX 123.80 ($1.60), with a volume of 1,266,744 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Canaccord Genuity Group restated a "buy" rating and issued a GBX 200 ($2.59) price objective on shares of Serica Energy in a research report on Thursday, January 23rd. Berenberg Bank restated a "buy" rating and issued a GBX 200 ($2.59) price target on shares of Serica Energy in a research note on Tuesday, February 18th.

Serica Energy Stock Performance

The firm has a market cap of £680.10 million, a PE ratio of -95.11, a PEG ratio of 2.15 and a beta of 0.44. The firm's 50 day simple moving average is GBX 135.58 and its 200 day simple moving average is GBX 136.02. The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31.

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.