Serica Energy (LON:SQZ) Given Buy Rating at Jefferies Financial Group

Serica Energy (LON:SQZ)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Financial Group in a research report issued on Tuesday, Digital Look reports. They currently have a GBX 320 price objective on the stock. Jefferies Financial Group’s target price suggests a potential upside of 16.45% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 365 price target 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 target on shares of Serica Energy in a research note on Monday, July 27th. Seven equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, Serica Energy presently has an average rating of “Buy” and a consensus price target of GBX 283.71.

Serica Energy Stock Up 0.1%

Shares of SQZ stock opened at GBX 274.80 on Tuesday. The business’s fifty day moving average is GBX 263.57 and its 200-day moving average is GBX 256.83. Serica Energy has a 1 year low of GBX 162.20 and a 1 year high of GBX 302.40. The stock has a market cap of £1.08 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 debt-to-equity ratio of 47.47, a quick ratio of 1.22 and a current ratio of 1.42.

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