Serica Energy’s (SQZ) “Buy” Rating Reiterated at Shore Capital Group

Shore Capital Group reaffirmed their buy rating on shares of Serica Energy (LON:SQZ) in a report issued on Thursday, Marketbeat.com reports.

Several other equities research analysts also recently weighed in on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 300 target price on shares of Serica Energy in a research note on Thursday. Canaccord Genuity Group upped their price objective on Serica Energy from GBX 225 to GBX 230 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Panmure Gordon reduced 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. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 236.43.

Serica Energy Trading Up 7.2%

LON SQZ opened at GBX 274 on Thursday. The company has a debt-to-equity ratio of 33.93, a quick ratio of 1.22 and a current ratio of 1.14. The firm has a market cap of £1.07 billion, a PE ratio of -34.25, a P/E/G ratio of 2.15 and a beta of 0.78. Serica Energy has a one year low of GBX 112 and a one year high of GBX 287.50. The firm’s fifty day moving average is GBX 235.12 and its two-hundred day moving average is GBX 202.95.

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.