Serica Energy (LON:SQZ) Earns “Buy” Rating from Jefferies Financial Group

Serica Energy (LON:SQZ)‘s stock had its “buy” rating restated by Jefferies Financial Group in a research note issued to investors on Tuesday, Digital Look reports. They presently have a GBX 320 price objective on the stock. Jefferies Financial Group‘s price objective suggests a potential upside of 21.19% from the company’s current price.

A number of other research firms have also recently weighed in on SQZ. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 340 target price on shares of Serica Energy in a research note on Monday, July 27th. Berenberg Bank restated a “buy” rating and set a GBX 365 price target on shares of Serica Energy in a research note on Thursday, August 6th. Seven equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 283.71.

Serica Energy Trading Up 3.1%

Shares of Serica Energy stock opened at GBX 264.05 on Tuesday. The firm has a market capitalization of £1.03 billion, a PE ratio of -19.98, a price-to-earnings-growth ratio of 2.15 and a beta of 0.05. The company has a debt-to-equity ratio of 47.47, a current ratio of 1.42 and a quick ratio of 1.22. The company’s fifty day moving average price is GBX 264.86 and its two-hundred day moving average price is GBX 256.66. Serica Energy has a 52-week low of GBX 162.20 and a 52-week high of GBX 302.40.

Serica Energy (LON:SQZ) last announced its quarterly earnings data on Thursday, August 6th. The company reported GBX 2 earnings per share (EPS) for the quarter. Serica Energy had a negative net margin of 0.27% and a negative return on equity of 0.62%. On average, analysts expect that Serica Energy will post 30.37 EPS 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.