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

Serica Energy (LON:SQZ)‘s stock had its “buy” rating restated by research analysts at Jefferies Financial Group in a note issued to investors on Tuesday, Digital Look reports. They presently have a GBX 320 target price on the stock. Jefferies Financial Group‘s target price would indicate a potential upside of 19.32% from the stock’s previous close.

SQZ has been the topic of several other research reports. Berenberg Bank reiterated a “buy” rating and set a GBX 365 price objective on shares of Serica Energy in a research report on Thursday, August 6th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 340 price target on shares of Serica Energy in a report on Monday, July 27th. Seven research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 283.71.

Serica Energy Price Performance

Shares of Serica Energy stock traded up GBX 11.99 during trading hours on Tuesday, hitting GBX 268.19. The company’s stock had a trading volume of 765,320 shares, compared to its average volume of 3,502,831. The business has a 50 day moving average price of GBX 264.86 and a two-hundred day moving average price of GBX 256.66. The company has a market cap of £1.05 billion, a PE ratio of -19.98, a PEG ratio of 2.15 and a beta of 0.05. Serica Energy has a 12-month low of GBX 162.20 and a 12-month high of GBX 302.40. The company has a debt-to-equity ratio of 47.47, a quick ratio of 1.22 and a current ratio of 1.42.

Serica Energy (LON:SQZ) last posted 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%. Analysts expect that Serica Energy will post 30.37 earnings per share for the current fiscal year.

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.