Serica Energy (LON:SQZ) Issues Earnings Results

Serica Energy (LON:SQZ) released its quarterly earnings data on Thursday. The company reported GBX 2 earnings per share for the quarter, Digital Look Earnings reports. Serica Energy had a negative return on equity of 11.49% and a negative net margin of 8.68%.

Serica Energy Price Performance

SQZ traded up GBX 7 during midday trading on Thursday, hitting GBX 232. The company had a trading volume of 1,885,738 shares, compared to its average volume of 3,981,073. Serica Energy has a twelve month low of GBX 146 and a twelve month high of GBX 302.40. The firm’s 50-day simple moving average is GBX 240.09 and its 200-day simple moving average is GBX 247.45. The company has a market capitalization of £906.09 million, a PE ratio of -17.85, a P/E/G ratio of 2.15 and a beta of 0.05. The company has a debt-to-equity ratio of 33.93, a quick ratio of 1.22 and a current ratio of 1.14.

Wall Street Analyst Weigh In

SQZ has been the topic of several recent analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 365 target price on shares of Serica Energy in a research note on Thursday. Jefferies Financial Group reissued a “buy” rating and set a GBX 310 price target on shares of Serica Energy in a report on Tuesday, June 2nd. Finally, Canaccord Genuity Group restated a “buy” rating and issued a GBX 340 price target on shares of Serica Energy in a research report on Monday, July 27th. Eight analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 273.88.

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.