Serica Energy (LON:SQZ) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Serica Energy plc (LON:SQZ)’s share price 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 traded.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SQZ. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 200 ($2.58) target price on shares of Serica Energy in a research report on Tuesday, February 18th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 200 ($2.58) target price on shares of Serica Energy in a research report on Thursday, January 23rd.

Serica Energy Stock Performance

The company’s fifty day simple moving average is GBX 137.13 and its two-hundred day simple moving average is GBX 135.71. The company has a market capitalization of £610.11 million, a price-to-earnings ratio of -85.32, a price-to-earnings-growth 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 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.