Serica Energy plc (LON:SQZ - Get Free Report) shares rose 8.4% during trading on Tuesday . The company traded as high as GBX 147 ($1.89) and last traded at GBX 145.20 ($1.87). Approximately 3,347,482 shares changed hands during trading, an increase of 33% from the average daily volume of 2,514,716 shares. The stock had previously closed at GBX 134 ($1.73).
Analyst Ratings Changes
Several research analysts have recently weighed in on SQZ shares. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 200 ($2.58) price target on shares of Serica Energy in a report on Thursday, January 23rd. Berenberg Bank restated a "buy" rating and issued a GBX 200 ($2.58) target price on shares of Serica Energy in a research note on Tuesday, February 18th.
Check Out Our Latest Research Report on Serica Energy
Serica Energy Trading Down 7.5 %
The stock's 50 day simple moving average is GBX 134.35 and its 200 day simple moving average is GBX 136.54. The firm has a market cap of £612.09 million, a PE ratio of -85.60, a PEG ratio of 2.15 and a beta of 0.44. The company has a debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69.
Serica Energy (LON:SQZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 1st. The company reported GBX 0.24 ($0.00) earnings per share (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 forecast that Serica Energy plc will post 30.373444 earnings per share for the current fiscal year.
Serica Energy Increases Dividend
The company also recently disclosed 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 a boost 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 dividend payout ratio is presently -1,585.15%.
Serica Energy Company Profile
(
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.
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