Serica Energy plc (LON:SQZ) Receives Average Rating of “Buy” from Brokerages

Shares of Serica Energy plc (LON:SQZ) have earned an average rating of “Buy” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 252.

A number of research firms recently commented on SQZ. Canaccord Genuity Group increased their price target on Serica Energy from GBX 230 to GBX 310 and gave the company a “buy” rating in a research report on Monday, March 30th. Shore Capital Group reaffirmed a “buy” rating on shares of Serica Energy in a report on Thursday, March 26th. Stifel Nicolaus upped their target price on shares of Serica Energy from GBX 266 to GBX 281 and gave the stock a “buy” rating in a research note on Tuesday, March 31st. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 300 target price on shares of Serica Energy in a report on Thursday, March 26th.

Serica Energy Stock Performance

Shares of Serica Energy stock opened at GBX 270.40 on Friday. Serica Energy has a 52 week low of GBX 117.28 and a 52 week high of GBX 296.50. The company has a quick ratio of 1.22, a current ratio of 1.14 and a debt-to-equity ratio of 33.93. The business has a 50 day moving average price of GBX 257.68 and a 200-day moving average price of GBX 215.29. The company has a market cap of £1.06 billion, a PE ratio of -20.80, a price-to-earnings-growth ratio of 2.15 and a beta of 0.05.

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.