Serica Energy (LON:SQZ) Stock Keeps “Buy” Rating at Jefferies Financial Group

Serica Energy (LON:SQZ)‘s stock had its “buy” rating reissued by Jefferies Financial Group in a research note issued on Tuesday, Digital Look reports. They presently have a GBX 320 target price on the stock. Jefferies Financial Group’s price target indicates a potential upside of 19.76% from the company’s previous close.

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

Serica Energy Stock Down 2.6%

Serica Energy stock traded down GBX 7.20 during mid-day trading on Tuesday, hitting GBX 267.20. The company had a trading volume of 2,044,474 shares, compared to its average volume of 3,534,780. The company has a quick ratio of 1.22, a current ratio of 1.42 and a debt-to-equity ratio of 47.47. The business has a fifty day moving average of GBX 263.99 and a 200 day moving average of GBX 256.84. The stock has a market cap of £1.05 billion, a price-to-earnings ratio of -19.98, a PEG ratio of 2.15 and a beta of 0.05. Serica Energy has a 1 year low of GBX 162.20 and a 1 year high of GBX 302.40.

Serica Energy (LON:SQZ) last issued its quarterly earnings data on Thursday, August 6th. The company reported GBX 2 earnings per share for the quarter. Serica Energy had a negative return on equity of 0.62% and a negative net margin of 0.27%. On average, sell-side 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.