Serica Energy (LON:SQZ) Share Price Crosses Below Two Hundred Day Moving Average of $124.02

Serica Energy Plc (LON:SQZ) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $124.02 and traded as low as $119.00. Serica Energy shares last traded at $122.80, with a volume of 166,208 shares.

A number of research firms recently weighed in on SQZ. Peel Hunt reaffirmed a “buy” rating and issued a GBX 186 ($2.43) price target on shares of Serica Energy in a report on Thursday, October 24th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 186 ($2.43) price target on shares of Serica Energy in a report on Thursday, October 24th.

The company has a market cap of $323.98 million and a price-to-earnings ratio of 3.36. The company has a current ratio of 1.25, a quick ratio of 1.17 and a debt-to-equity ratio of 11.39. The business has a fifty day moving average of GBX 129.20 and a two-hundred day moving average of GBX 124.02.

Serica Energy Company Profile (LON:SQZ)

Serica Energy plc engages in the identification, acquisition, exploration, and exploitation of oil and gas reserves. The company holds exploration, development, and production assets in the United Kingdom, as well as exploration interests in the Atlantic margins offshore Ireland and Namibia; and an 18% non-operated interest in the Erskine field in the Central North Sea.

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