Serica Energy (LON:SQZ) Issues Earnings Results

Serica Energy (LON:SQZ) posted its quarterly earnings results on Tuesday. The company reported GBX 0.24 ($0.00) earnings per share for the quarter, Digital Look Earnings reports. Serica Energy had a negative return on equity of 1.09% and a negative net margin of 1.09%.

Serica Energy Trading Down 6.2 %

LON SQZ opened at GBX 140.73 ($1.83) on Thursday. The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31. The business has a fifty day simple moving average of GBX 134.95 and a 200 day simple moving average of GBX 136.60. Serica Energy has a 12 month low of GBX 110.40 ($1.43) and a 12 month high of GBX 210 ($2.73). The firm has a market capitalization of £693.53 million, a P/E ratio of -96.99, a PEG ratio of 2.15 and a beta of 0.44.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SQZ shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 200 ($2.60) target price on shares of Serica Energy in a report on Tuesday, February 18th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 200 ($2.60) price objective on shares of Serica Energy in a report on Thursday, January 23rd.

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.