Serica Energy plc (LON:SQZ) Given Average Rating of “Buy” by Brokerages

Serica Energy plc (LON:SQZ) has received a consensus recommendation of “Buy” from the six ratings firms that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 207.83.

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group reissued a “buy” rating and issued a GBX 190 price objective on shares of Serica Energy in a report on Tuesday, August 5th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 215 price objective on shares of Serica Energy in a report on Tuesday, September 16th. JPMorgan Chase & Co. reissued a “buy” rating and issued a GBX 215 price objective on shares of Serica Energy in a report on Wednesday, August 13th. Peel Hunt reissued a “buy” rating and issued a GBX 207 price objective on shares of Serica Energy in a report on Tuesday. Finally, Shore Capital reissued a “buy” rating on shares of Serica Energy in a report on Wednesday, September 10th.

Insider Buying and Selling at Serica Energy

In other news, insider Martin Copeland acquired 45,000 shares of the firm’s stock in a transaction dated Thursday, July 3rd. The stock was acquired at an average cost of GBX 161 per share, with a total value of £72,450. Insiders own 63.80% of the company’s stock.

Serica Energy Stock Performance

Shares of SQZ opened at GBX 189 on Tuesday. The stock has a 50 day moving average price of GBX 169.12 and a 200 day moving average price of GBX 153.32. The company has a quick ratio of 1.22, a current ratio of 1.69 and a debt-to-equity ratio of 26.31. The company has a market capitalization of £738.09 million, a price-to-earnings ratio of -2,362.50, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44. Serica Energy has a 52-week low of GBX 112 and a 52-week high of GBX 189.

About Serica Energy

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.