Serica Energy (SQZ)

Sector:

Energy Producers

Index:

FTSE AIM 50

106.00p
   
  • Change Today:
      1.20p
  • 52 Week High: 143.40
  • 52 Week Low: 101.00
  • Currency: UK Pounds
  • Shares Issued: 267.23m
  • Volume: 292,062
  • Market Cap: £283.26m
  • RiskGrade: 255

Serica Energy shares fall after production guidance cut

By Frank Prenesti

Date: Tuesday 12 Dec 2017

LONDON (ShareCast) - (ShareCast News) - Shares in Serica Energy fell almost 5% on Tuesday as the company cut full year production guidance as a result of the closure of the Forties North Sea pipeline.
In a statement, Serica said 2017 output would now be around 2,000 barrels of oil per day from its Erskine Field operation.
The Forties pipeline, the export route for Erskine condensate, will be unavailable for weeks, while a hairline crack in the onshore section of the pipeline is repaired by owner Ineos.

In November Serica announced the proposed acquisition of BP's interests in the Bruce, Keith and Rhum fields in the North Sea and associated infrastructure. These assets will also be unable to produce, the company said.

The deal has an effective date of 1 January 2018 and completion of acquisition is expected to take place in mid-2018.

The pipeline shutdown has seen the price of Brent crude oil hit its highest level since June 2015. It also comes as the UK experiences one of its coldest winters.

Serica shares were down 4.82% to 72.10p at 10:08 GMT.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Serica Energy Market Data

Currency UK Pounds
Share Price 106.00p
Change Today 1.20p
% Change 1.15 %
52 Week High 143.40
52 Week Low 101.00
Volume 292,062
Shares Issued 267.23m
Market Cap £283.26m
RiskGrade 255

Serica Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.50% above the market average84.50% above the market average84.50% above the market average84.50% above the market average84.50% above the market average
17.39% below the sector average17.39% below the sector average17.39% below the sector average17.39% below the sector average17.39% below the sector average
Price Trend
7.53% below the market average7.53% below the market average7.53% below the market average7.53% below the market average7.53% below the market average
73.74% above the sector average73.74% above the sector average73.74% above the sector average73.74% above the sector average73.74% above the sector average
Income Not Available
Growth
98.99% above the market average98.99% above the market average98.99% above the market average98.99% above the market average98.99% above the market average
93.55% above the sector average93.55% above the sector average93.55% above the sector average93.55% above the sector average93.55% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Serica Energy Dividends

No dividends found

Trades for 26-Feb-2020

Time Volume / Share Price
16:35 7,368 @ 106.00p
16:29 232 @ 105.00p
16:29 1,577 @ 105.00p
16:29 478 @ 105.00p
16:29 744 @ 105.80p

Serica Energy Key Personnel

CEO Mitchell Robert Flegg

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