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

Serica Energy Plc (LON:SQZ) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

Several analysts have recently issued reports on SQZ shares. Peel Hunt reiterated a “buy” rating and issued a GBX 186 ($2.43) price objective on shares of Serica Energy in a research note on Thursday, October 24th. Peel Hunt reiterated a “buy” rating and issued a GBX 186 ($2.43) price objective on shares of Serica Energy in a research note on Thursday, October 24th.

The firm has a market capitalization of $323.98 million and a price-to-earnings ratio of 3.36. The company has a debt-to-equity ratio of 11.39, a current ratio of 1.25 and a quick ratio of 1.17. The firm has a 50 day moving average price of GBX 129.20 and a 200-day moving average price of GBX 124.02.

About Serica Energy (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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