Serica Energy plc (LON:SQZ) Stock Has Consensus Target Price of GBX 283.71 According to Brokerages

Shares of Serica Energy plc (LON:SQZ) have been given a consensus rating of “Buy” by the seven research firms that are presently covering the company, Marketbeat reports. Seven analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have covered the stock in the last year is GBX 283.71.

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

Serica Energy Stock Up 0.8%

Shares of SQZ opened at GBX 265.80 on Friday. The company has a market capitalization of £1.04 billion, a P/E ratio of -19.98, a PEG ratio of 2.15 and a beta of 0.05. Serica Energy has a one year low of GBX 162.20 and a one year high of GBX 302.40. The business’s 50 day simple moving average is GBX 258.11 and its 200-day simple moving average is GBX 256.58. The company has a debt-to-equity ratio of 47.47, a current ratio of 1.42 and a quick ratio of 1.22.

Serica Energy (LON:SQZ) last released its quarterly earnings results on Thursday, August 6th. The company reported GBX 2 earnings per share for the quarter. Serica Energy had a negative return on equity of 0.62% and a negative net margin of 0.27%. As a group, sell-side analysts predict 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.