Serica Energy plc (LON:SQZ) Receives Consensus Rating of “Buy” from Brokerages

Shares of Serica Energy plc (LON:SQZ) have been given a consensus recommendation of “Buy” by the six analysts that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 225.83.

A number of analysts have recently weighed in on the stock. Panmure Gordon dropped their target price on shares of Serica Energy from GBX 270 to GBX 238 and set a “buy” rating for the company in a report on Tuesday, December 2nd. Canaccord Genuity Group increased their price objective on Serica Energy from GBX 225 to GBX 230 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Shore Capital Group reiterated a “buy” rating and issued a GBX 235 price objective on shares of Serica Energy in a research report on Thursday, January 22nd. Finally, Peel Hunt restated a “buy” rating and set a GBX 207 target price on shares of Serica Energy in a report on Tuesday, November 4th.

Insider Buying and Selling

In related news, insider Chris Cox acquired 64,007 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was acquired at an average cost of GBX 170 per share, for a total transaction of £108,811.90. Company insiders own 63.82% of the company’s stock.

Serica Energy Stock Up 7.7%

Shares of SQZ opened at GBX 281 on Friday. Serica Energy has a 1 year low of GBX 112 and a 1 year high of GBX 281. The company has a debt-to-equity ratio of 31.14, a current ratio of 1.72 and a quick ratio of 1.22. The stock has a 50 day simple moving average of GBX 205.88 and a two-hundred day simple moving average of GBX 191.94. The firm has a market cap of £1.10 billion, a P/E ratio of -35.13, a P/E/G ratio of 2.15 and a beta of 0.00.

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. 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.