Serica Energy plc (LON:SQZ) Stock Rated “Buy” by Sell-Side Brokerages

Serica Energy plc (LON:SQZ) has been given a consensus rating of “Buy” by the seven brokerages that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 283.71.

A number of research analysts have commented on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 365 price objective on shares of Serica Energy in a research report on Thursday, August 6th. Canaccord Genuity Group restated a “buy” rating and set a GBX 340 target price on shares of Serica Energy in a research report on Monday, July 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 320 price target on shares of Serica Energy in a research note on Wednesday, September 9th.

Serica Energy Price Performance

Shares of SQZ traded up GBX 11.60 during mid-day trading on Friday, hitting GBX 280. 1,059,428 shares of the company traded hands, compared to its average volume of 3,548,362. The company has a current ratio of 1.42, a quick ratio of 1.22 and a debt-to-equity ratio of 47.47. The stock has a market capitalization of £1.10 billion, a price-to-earnings ratio of -19.98, a PEG ratio of 2.15 and a beta of 0.05. The business has a 50-day moving average of GBX 262.83 and a 200 day moving average of GBX 257.21. Serica Energy has a one year low of GBX 162.20 and a one year high of GBX 302.40.

Serica Energy (LON:SQZ) last posted its quarterly earnings data on Thursday, August 6th. The company reported GBX 2 earnings per share for the quarter. Serica Energy had a negative net margin of 0.27% and a negative return on equity of 0.62%. As a group, equities analysts expect that Serica Energy will post 30.37 earnings per share for the current fiscal 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.