Serica Energy (LON:SQZ) Reaches New 52-Week High After Analyst Upgrade

Serica Energy plc (LON:SQZ)’s stock price reached a new 52-week high during trading on Monday after Stifel Nicolaus raised their price target on the stock from GBX 266 to GBX 281. Stifel Nicolaus currently has a buy rating on the stock. Serica Energy traded as high as GBX 287.50 and last traded at GBX 287.50, with a volume of 867229 shares. The stock had previously closed at GBX 274.

SQZ has been the subject of several other reports. Berenberg Bank reissued a “buy” rating and issued a GBX 300 price target on shares of Serica Energy in a report on Thursday, March 26th. Canaccord Genuity Group upped their price target on shares of Serica Energy from GBX 230 to GBX 310 and gave the stock a “buy” rating in a report on Monday. Shore Capital Group reiterated a “buy” rating on shares of Serica Energy in a research report on Thursday, March 26th. Finally, Panmure Gordon dropped their price objective on Serica Energy from GBX 270 to GBX 238 and set a “buy” rating for the company in a research note on Tuesday, December 2nd. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 252.

Serica Energy Price Performance

The company has a current ratio of 1.14, a quick ratio of 1.22 and a debt-to-equity ratio of 33.93. The company has a market capitalization of £1.06 billion, a P/E ratio of -33.86, a P/E/G ratio of 2.15 and a beta of 0.78. The business’s fifty day moving average price is GBX 238.89 and its 200-day moving average price is GBX 205.23.

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.