Berenberg Bank Reiterates “Buy” Rating for Serica Energy (LON:SQZ)

Serica Energy (LON:SQZ)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a note issued to investors on Thursday, Marketbeat.com reports. They currently have a GBX 365 price objective on the stock. Berenberg Bank’s price objective indicates a potential upside of 58.97% from the stock’s previous close.

SQZ has been the topic of several other reports. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 340 target price on shares of Serica Energy in a research report on Monday, July 27th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 310 price target on shares of Serica Energy in a research report on Tuesday, June 2nd. Eight investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 273.88.

Serica Energy Stock Down 1.0%

SQZ stock opened at GBX 229.60 on Thursday. Serica Energy has a twelve month low of GBX 146 and a twelve month high of GBX 302.40. The company has a market cap of £896.71 million, a PE ratio of -17.66, a price-to-earnings-growth ratio of 2.15 and a beta of 0.05. The business’s 50-day simple moving average is GBX 239.23 and its 200 day simple moving average is GBX 247.53. The company has a quick ratio of 1.22, a current ratio of 1.14 and a debt-to-equity ratio of 33.93.

Serica Energy (LON:SQZ) last issued its quarterly earnings results on Thursday, August 6th. The company reported GBX 2 earnings per share (EPS) for the quarter. Serica Energy had a negative return on equity of 11.49% and a negative net margin of 8.68%. On average, research analysts anticipate that Serica Energy will post 30.373444 earnings per share for the current year.

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.