Serica Energy (LON:SQZ) Given “Buy” Rating at Shore Capital

Serica Energy (LON:SQZ)‘s stock had its “buy” rating reiterated by equities researchers at Shore Capital in a report issued on Thursday, Marketbeat reports. They currently have a GBX 235 price target on the stock. Shore Capital’s price target points to a potential upside of 13.80% from the company’s current price.

A number of other equities research analysts have also recently issued reports on SQZ. Jefferies Financial Group upped their target price on Serica Energy from GBX 190 to GBX 230 and gave the stock a “buy” rating in a research report on Monday, October 20th. Panmure Gordon cut their price objective on shares of Serica Energy from GBX 270 to GBX 238 and set a “buy” rating for the company in a research report on Tuesday, December 2nd. Peel Hunt reiterated a “buy” rating and set a GBX 207 price target on shares of Serica Energy in a research note on Tuesday, November 4th. Finally, Canaccord Genuity Group increased their target price on Serica Energy from GBX 215 to GBX 240 and gave the stock a “buy” rating in a report on Friday, October 3rd. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 222.14.

Serica Energy Stock Performance

Shares of SQZ stock opened at GBX 206.50 on Thursday. The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31. Serica Energy has a 1-year low of GBX 112 and a 1-year high of GBX 223. The stock’s fifty day simple moving average is GBX 183.11 and its 200-day simple moving average is GBX 180.74. The company has a market capitalization of £806.44 million, a price-to-earnings ratio of -25.81, a P/E/G ratio of 2.15 and a beta of 0.44.

Insider Activity at Serica Energy

In other news, insider Chris Cox bought 64,007 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was bought at an average price of GBX 170 per share, with a total value of £108,811.90. Insiders own 63.80% of the company’s stock.

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. It also has 50% interest in the Columbus development; and 20% interest in the Skerryvore and Ruvaal prospects located in Central North Sea, as well as 100% interest in the North and South Eigg exploration prospects located in the Northern North Sea.