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

Shares of Serica Energy plc (LON:SQZ) have earned a consensus rating of “Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 283.71.

Several research analysts have commented on the company. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 340 price objective on shares of Serica Energy in a research report on Monday, July 27th. Jefferies Financial Group restated a “buy” rating and set a GBX 320 price objective on shares of Serica Energy in a research note on Wednesday, September 9th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 365 target price on shares of Serica Energy in a research report on Thursday, August 6th.

Serica Energy Price Performance

Serica Energy stock opened at GBX 275 on Tuesday. The firm has a fifty day moving average of GBX 246.24 and a 200-day moving average of GBX 255.94. Serica Energy has a 52-week low of GBX 158.20 and a 52-week high of GBX 302.40. The company has a quick ratio of 1.22, a current ratio of 1.42 and a debt-to-equity ratio of 47.47. The firm has a market capitalization of £1.08 billion, a P/E ratio of -19.98, a PEG ratio of 2.15 and a beta of 0.05.

Serica Energy (LON:SQZ) last posted its earnings results 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%. As a group, analysts predict that Serica Energy will post 30.373444 EPS for the current 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.