Serica Energy (LON:SQZ) Given Buy Rating at Berenberg Bank

Serica Energy (LON:SQZ)‘s stock had its “buy” rating reissued by Berenberg Bank in a research note issued on Thursday,London Stock Exchange reports. They presently have a GBX 365 price target on the stock. Berenberg Bank’s price target points to a potential upside of 56.84% from the stock’s current price.

A number of other equities analysts have also recently commented on SQZ. Jefferies Financial Group reiterated a “buy” rating and set a GBX 310 price target on shares of Serica Energy in a report on Tuesday, June 2nd. Canaccord Genuity Group restated a “buy” rating and issued a GBX 340 price target on shares of Serica Energy in a research note on Monday, July 27th. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Serica Energy has a consensus rating of “Buy” and a consensus price target of GBX 273.88.

Serica Energy Stock Up 3.4%

SQZ stock opened at GBX 232.72 on Thursday. Serica Energy has a twelve month low of GBX 146 and a twelve month high of GBX 302.40. 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 240.09 and a two-hundred day moving average price of GBX 247.45. The company has a market cap of £908.90 million, a price-to-earnings ratio of -17.90, a P/E/G 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.