Serica Energy plc (LON:SQZ) Receives GBX 283.71 Consensus Price Target from Analysts

Serica Energy plc (LON:SQZ) has earned a consensus rating of “Buy” from the seven research firms that are covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 283.71.

Several equities analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 320 price target on shares of Serica Energy in a research note on Wednesday, September 9th. Berenberg Bank reissued a “buy” rating and set a GBX 365 price objective on shares of Serica Energy in a report on Thursday, August 6th. Finally, Canaccord Genuity Group restated a “buy” rating and set a GBX 340 target price on shares of Serica Energy in a research report on Monday, July 27th.

Serica Energy Stock Performance

SQZ stock opened at GBX 273.80 on Tuesday. 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 company has a 50 day moving average price of GBX 251.50 and a 200 day moving average price of GBX 256.74. Serica Energy has a fifty-two week low of GBX 158.20 and a fifty-two week high of GBX 302.40. The stock has a market capitalization of £1.07 billion, a PE ratio of -19.98, a price-to-earnings-growth ratio of 2.15 and a beta of 0.05.

Serica Energy (LON:SQZ) last announced its quarterly earnings data 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%. Analysts forecast that Serica Energy will post 30.373444 EPS for the current 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.