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

Shares of Serica Energy plc (LON:SQZ) have been given a consensus recommendation of “Buy” by the eight brokerages that are covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 254.50.

Several analysts have issued reports on SQZ shares. Canaccord Genuity Group upped their price objective on Serica Energy from GBX 230 to GBX 310 and gave the company a “buy” rating in a research note on Monday, March 30th. Stifel Nicolaus upped their price objective on Serica Energy from GBX 266 to GBX 281 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 250 target price on shares of Serica Energy in a report on Friday, April 24th. Shore Capital Group reaffirmed a “buy” rating on shares of Serica Energy in a report on Thursday, March 26th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 300 target price on shares of Serica Energy in a report on Thursday, March 26th.

Serica Energy Trading Up 0.1%

Shares of LON SQZ opened at GBX 278.80 on Wednesday. The stock’s 50 day moving average price is GBX 269.75 and its two-hundred day moving average price is GBX 224.37. Serica Energy has a 52-week low of GBX 139 and a 52-week high of GBX 302.40. The stock has a market capitalization of £1.09 billion, a P/E ratio of -21.45, a PEG ratio of 2.15 and a beta of 0.05. 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 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.