Serica Energy plc (LON:SQZ) Given Average Rating of “Buy” by Analysts

Serica Energy plc (LON:SQZ) has been given an average recommendation of “Buy” by the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 268.25.

Several equities research analysts have weighed in on SQZ shares. Stifel Nicolaus increased their price target on shares of Serica Energy from GBX 266 to GBX 281 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Jefferies Financial Group restated a “buy” rating and issued a GBX 310 price objective on shares of Serica Energy in a research report on Tuesday, June 2nd. Canaccord Genuity Group upped their price objective on shares of Serica Energy from GBX 230 to GBX 310 and gave the company a “buy” rating in a research note on Monday, March 30th. Berenberg Bank reiterated a “buy” rating and set a GBX 350 target price on shares of Serica Energy in a report on Tuesday, June 2nd. Finally, Shore Capital Group reissued a “buy” rating on shares of Serica Energy in a research note on Thursday, March 26th.

Serica Energy Stock Up 0.2%

Shares of LON SQZ opened at GBX 212.78 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.14 and a debt-to-equity ratio of 33.93. Serica Energy has a 52 week low of GBX 146 and a 52 week high of GBX 302.40. The firm’s fifty day moving average is GBX 260.87 and its 200 day moving average is GBX 237.82. The company has a market cap of £831.02 million, a price-to-earnings ratio of -16.37, a PEG ratio of 2.15 and a beta of 0.05.

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.