Serica Energy’s (SQZ) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Serica Energy (LON:SQZ) in a research note issued to investors on Wednesday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 320 target price on the stock.

Several other research analysts have also issued reports on the company. Canaccord Genuity Group restated a “buy” rating and set a GBX 340 target price on shares of Serica Energy in a research report on Monday, July 27th. Berenberg Bank reiterated a “buy” rating and issued a GBX 365 price target on shares of Serica Energy in a report on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Serica Energy presently has an average rating of “Buy” and a consensus target price of GBX 283.71.

Serica Energy Price Performance

SQZ stock opened at GBX 275.80 on Wednesday. The stock has a market cap of £1.08 billion, a PE ratio of -19.98, a P/E/G ratio of 2.15 and a beta of 0.05. Serica Energy has a 12 month low of GBX 152 and a 12 month high of GBX 302.40. The company has a 50-day moving average price of GBX 245.04 and a 200 day moving average price of GBX 255.47. The company has a current ratio of 1.42, a quick ratio of 1.22 and a debt-to-equity ratio of 47.47.

Serica Energy (LON:SQZ) last posted its quarterly earnings data on Thursday, August 6th. The company reported GBX 2 earnings per share for the quarter. Serica Energy had a negative net margin of 0.27% and a negative return on equity of 0.62%. Equities research analysts anticipate that Serica Energy will post 30.373444 earnings per share for the current 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.