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

Shares of Serica Energy plc (LON:SQZ) have been assigned a consensus rating of “Buy” from the eight analysts that are presently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 268.25.

SQZ has been the subject of several recent research reports. Stifel Nicolaus increased their target price on shares of Serica Energy from GBX 266 to GBX 281 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Canaccord Genuity Group increased their target price 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. Jefferies Financial Group reissued a “buy” rating and set a GBX 310 target price on shares of Serica Energy in a research note on Tuesday, June 2nd. Berenberg Bank reissued a “buy” rating and set a GBX 350 target price on shares of Serica Energy in a research note 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 Down 5.1%

SQZ stock opened at GBX 264.47 on Friday. Serica Energy has a 12 month low of GBX 146 and a 12 month high of GBX 302.40. The firm has a market cap of £1.03 billion, a PE ratio of -20.34, a P/E/G ratio of 2.15 and a beta of 0.05. The firm has a 50 day simple moving average of GBX 269.43 and a 200 day simple moving average of GBX 231.88. The company has a debt-to-equity ratio of 33.93, a current ratio of 1.14 and a quick ratio of 1.22.

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.