Serica Energy plc (LON:SQZ) Receives Consensus Recommendation of “Buy” from Analysts

Serica Energy plc (LON:SQZ) has earned an average rating of “Buy” from the seven analysts that are currently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 282.29.

Several brokerages recently weighed in on SQZ. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 310 target price on shares of Serica Energy in a research note on Tuesday, June 2nd. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 340 price target on shares of Serica Energy in a research report on Monday, July 27th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 365 price target on shares of Serica Energy in a research note on Thursday, August 6th.

Serica Energy Stock Down 0.2%

Shares of LON:SQZ opened at GBX 260.39 on Friday. The company has a debt-to-equity ratio of 47.47, a current ratio of 1.42 and a quick ratio of 1.22. The firm has a market capitalization of £1.02 billion, a PE ratio of -20.03, a price-to-earnings-growth ratio of 2.15 and a beta of 0.05. The firm’s 50-day moving average is GBX 236.21 and its two-hundred day moving average is GBX 250.45. Serica Energy has a 1 year low of GBX 146 and a 1 year 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 net margin of 0.27% and a negative return on equity of 0.62%. Analysts predict that Serica Energy will post 30.373444 EPS for the current 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.