Serica Energy (LON:SQZ) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Serica Energy plc (LON:SQZ) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 135.71 ($1.75) 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 trading hands.

Analyst Upgrades and Downgrades

SQZ has been the topic of a number of research reports. Berenberg Bank reissued 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. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 200 ($2.58) price target on shares of Serica Energy in a research note on Thursday, January 23rd.

Serica Energy Price Performance

The company has a market cap of £610.11 million, a PE ratio of -85.32, 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 company’s 50-day simple moving average is GBX 137.13 and its 200 day simple moving average is GBX 135.71.

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.