Serica Energy (LON:SQZ) Stock Rating Reaffirmed as Buy by Jefferies Financial Group

Serica Energy (LON:SQZ)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Financial Group in a report issued on Tuesday, Digital Look reports. They currently have a GBX 320 target price on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 19.76% from the stock’s current price.

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

Serica Energy Stock Performance

Shares of SQZ stock traded down GBX 7.20 during trading hours on Tuesday, hitting GBX 267.20. The company’s stock had a trading volume of 2,044,474 shares, compared to its average volume of 3,534,780. The stock has a market cap of £1.05 billion, a PE ratio of -19.98, a price-to-earnings-growth ratio of 2.15 and a beta of 0.05. The company has a 50 day moving average of GBX 263.99 and a 200 day moving average of GBX 256.84. The company has a current ratio of 1.42, a quick ratio of 1.22 and a debt-to-equity ratio of 47.47. Serica Energy has a 12-month low of GBX 162.20 and a 12-month high of GBX 302.40.

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 0.62% and a negative net margin of 0.27%. On average, sell-side analysts forecast that Serica Energy will post 30.37 EPS for the current fiscal year.

About Serica Energy

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.