Serica Energy (LON:SQZ) Trading Up 8.4% - Time to Buy?

Serica Energy plc (LON:SQZ - Get Free Report) shares traded up 8.4% during mid-day trading on Tuesday . The stock traded as high as GBX 147 ($1.90) and last traded at GBX 145.20 ($1.87). 3,347,482 shares traded 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).

Wall Street Analyst Weigh In

Several research firms recently commented on SQZ. Berenberg Bank reissued a "buy" rating and set a GBX 200 ($2.58) target price on shares of Serica Energy in a research note on Tuesday, February 18th. Canaccord Genuity Group reissued a "buy" rating and set a GBX 200 ($2.58) price objective on shares of Serica Energy in a research note on Thursday, January 23rd.

Serica Energy Stock Down 7.5 %

The firm has a market cap of £612.09 million, a PE ratio of -85.60, a P/E/G ratio of 2.15 and a beta of 0.44. The company has a debt-to-equity ratio of 26.31, a current ratio of 1.69 and a quick ratio of 1.22. The business has a fifty day moving average price of GBX 134.35 and a two-hundred day moving average price of GBX 136.52.

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, analysts anticipate that Serica Energy plc will post 30.373444 EPS for the current fiscal year.

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Serica Energy Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 25th. Stockholders of record on Thursday, June 26th will be paid a dividend of GBX 10 ($0.13) per share. This is a positive change from Serica Energy's previous dividend of $9.00. The ex-dividend date is Thursday, June 26th. This represents a dividend yield of 7.45%. Serica Energy's dividend payout ratio is -1,585.15%.

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.