Shares of Serica Energy plc (LON:SQZ - Get Free Report) were up 8.4% during trading on Tuesday . The stock traded as high as GBX 147 ($1.89) and last traded at GBX 145.20 ($1.87). Approximately 3,347,482 shares were traded during mid-day 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).
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on SQZ shares. 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. Berenberg Bank restated a "buy" rating and set a GBX 200 ($2.58) price target on shares of Serica Energy in a report on Tuesday, February 18th.
View Our Latest Stock Report on SQZ
Serica Energy Trading Down 7.5 %
The stock 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. The stock has a fifty day moving average price of GBX 134.35 and a 200 day moving average price of GBX 136.54.
Serica Energy (LON:SQZ - Get Free Report) last released 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%. Equities analysts expect that Serica Energy plc will post 30.373444 EPS for the current year.
Serica Energy Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, July 25th. Shareholders of record on Thursday, June 26th will be paid a GBX 10 ($0.13) dividend. 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 yield of 7.45%. Serica Energy's dividend payout ratio (DPR) 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.
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