Serica Energy (LON:SQZ) Earns Buy Rating from Jefferies Financial Group

Serica Energy (LON:SQZ)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Financial Group in a research report issued to clients and investors on Tuesday, Digital Look reports. They currently have a GBX 320 target price on the stock. Jefferies Financial Group’s price target points to a potential upside of 19.38% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 340 target price on shares of Serica Energy in a research report on Monday, July 27th. Berenberg Bank reissued a “buy” rating and set a GBX 365 price target on shares of Serica Energy in a report on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 283.71.

Serica Energy Stock Performance

Serica Energy stock opened at GBX 268.04 on Tuesday. The stock has a market cap of £1.05 billion, a P/E ratio of -19.98, a price-to-earnings-growth ratio of 2.15 and a beta of 0.05. 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 50 day moving average of GBX 263.57 and a 200-day moving average of GBX 256.83. Serica Energy has a 52 week low of GBX 162.20 and a 52 week high of GBX 302.40.

Serica Energy (LON:SQZ) last posted its quarterly earnings results on Thursday, August 6th. The company reported GBX 2 EPS for the quarter. Serica Energy had a negative return on equity of 0.62% and a negative net margin of 0.27%. On average, analysts expect that Serica Energy will post 30.37 EPS 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.