Serica Energy plc (LON:SQZ - Get Free Report)'s stock price traded up 8.4% during trading on Wednesday . The stock traded as high as GBX 147 ($1.89) and last traded at GBX 145.20 ($1.87). 3,347,482 shares changed hands during mid-day trading, an increase of 33% from the average session volume of 2,514,716 shares. The stock had previously closed at GBX 134 ($1.73).
Analyst Ratings Changes
SQZ has been the topic of a number of analyst reports. Berenberg Bank restated a "buy" rating and set a GBX 200 ($2.58) target price on shares of Serica Energy in a research report on Tuesday, February 18th. Canaccord Genuity Group restated 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.
Check Out Our Latest Stock Report on Serica Energy
Serica Energy Stock Performance
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 company 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 firm has a 50-day simple moving average of GBX 134.35 and a two-hundred day simple moving average of GBX 136.54.
Serica Energy (LON:SQZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 1st. The company reported GBX 0.24 ($0.00) EPS for the quarter. Serica Energy had a negative net margin of 1.09% and a negative return on equity of 1.09%. On average, sell-side analysts anticipate that Serica Energy plc will post 30.373444 EPS for the current fiscal year.
Serica Energy Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, July 25th. Stockholders of record on Thursday, June 26th will be issued a GBX 10 ($0.13) dividend. This is an increase from Serica Energy's previous dividend of $9.00. This represents a dividend yield of 7.45%. The ex-dividend date is Thursday, June 26th. Serica Energy's payout ratio is presently -1,585.15%.
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.
Featured Articles
Before you consider Serica Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Serica Energy wasn't on the list.
While Serica Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
