Serica Energy plc (LON:SQZ) Stock Has Consensus Price Target of GBX 296.50 According to Brokerages

Serica Energy plc (LON:SQZ) has been assigned an average rating of “Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 296.50.

A number of brokerages have recently issued reports on SQZ. Berenberg Bank restated a “buy” rating and set a GBX 365 target price 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. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 320 price target on shares of Serica Energy in a research report on Tuesday, October 20th.

Serica Energy Trading Down 3.9%

LON:SQZ opened at GBX 259.60 on Wednesday. The company has a market capitalization of £1.02 billion, a PE ratio of -19.98, a P/E/G ratio of 2.15 and a beta of 0.05. Serica Energy has a 52-week low of GBX 162.20 and a 52-week high of GBX 302.40. The stock’s 50 day moving average price is GBX 266.98 and its 200 day moving average price is GBX 252.33. The company has a quick ratio of 1.22, a current ratio of 1.42 and a debt-to-equity ratio of 47.47.

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