Serica Energy (LON:SQZ) Issues Quarterly Earnings Results

Serica Energy (LON:SQZ) released its earnings results on Thursday. The company reported GBX 2 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Serica Energy had a negative net margin of 8.68% and a negative return on equity of 11.49%.

Serica Energy Trading Down 1.0%

LON:SQZ opened at GBX 229.60 on Friday. Serica Energy has a 1 year low of GBX 146 and a 1 year high of GBX 302.40. The stock has a market cap of £896.71 million, a P/E ratio of -17.66, a P/E/G ratio of 2.15 and a beta of 0.05. The company has a debt-to-equity ratio of 33.93, a quick ratio of 1.22 and a current ratio of 1.14. The stock has a 50-day simple moving average of GBX 239.23 and a 200-day simple moving average of GBX 247.53.

Analysts Set New Price Targets

SQZ has been the subject of several research reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 310 price target on shares of Serica Energy in a research note on Tuesday, June 2nd. Canaccord Genuity Group reiterated 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 reiterated a “buy” rating and issued a GBX 365 target price on shares of Serica Energy in a report on Thursday. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 273.88.

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.