Serica Energy plc (LON:SQZ) Stock Has Average Target Price of GBX 283.71

Serica Energy plc (LON:SQZ) has earned an average recommendation of “Buy” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have covered the stock in the last year is GBX 283.71.

A number of research firms recently commented on SQZ. Jefferies Financial Group restated a “buy” rating and issued a GBX 320 price objective on shares of Serica Energy in a report on Wednesday, September 9th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 340 price objective on shares of Serica Energy in a research note on Monday, July 27th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 365 price objective on shares of Serica Energy in a research note on Thursday, August 6th.

Serica Energy Stock Performance

LON:SQZ opened at GBX 280.60 on Friday. The firm has a market cap of £1.10 billion, a price-to-earnings ratio of -19.98, a price-to-earnings-growth ratio of 2.15 and a beta of 0.05. Serica Energy has a twelve month low of GBX 162.20 and a twelve month high of GBX 302.40. The company has a current ratio of 1.42, a quick ratio of 1.22 and a debt-to-equity ratio of 47.47. The company has a 50-day moving average of GBX 261.06 and a 200-day moving average of GBX 257.08.

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%. Analysts forecast that Serica Energy will post 30.37 earnings per share for the current fiscal 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.