Serica Energy (LON:SQZ) Given “Buy” Rating at Jefferies Financial Group

Serica Energy (LON:SQZ)‘s stock had its “buy” rating reissued by 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 price objective would suggest a potential upside of 20.40% from the company’s current price.

Several other brokerages also recently commented on SQZ. Berenberg Bank reissued 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 reaffirmed a “buy” rating and issued a GBX 340 target price on shares of Serica Energy in a report on Monday, July 27th. Seven investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 283.71.

Serica Energy Trading Up 3.7%

LON SQZ opened at GBX 265.77 on Tuesday. Serica Energy has a 12 month low of GBX 162.20 and a 12 month high of GBX 302.40. The stock has a market cap of £1.04 billion, a P/E ratio of -19.98, a P/E/G ratio of 2.15 and a beta of 0.05. The stock’s fifty day moving average price is GBX 264.86 and its 200-day moving average price is GBX 256.66. The company has a current ratio of 1.42, a quick ratio of 1.22 and a debt-to-equity ratio of 47.47.

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