Serica Energy (LON:SQZ) Earns Buy Rating from Jefferies Financial Group

Serica Energy (LON:SQZ)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Financial Group in a note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 320 target price on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 19.62% from the stock’s current price.

SQZ has been the subject of a number of other reports. Berenberg Bank restated a “buy” rating and issued 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 set 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, Serica Energy presently has a consensus rating of “Buy” and an average price target of GBX 283.71.

Serica Energy Stock Performance

Shares of SQZ opened at GBX 267.52 on Wednesday. Serica Energy has a 52-week low of GBX 146 and a 52-week high of GBX 302.40. The stock’s 50-day simple moving average is GBX 241.24 and its 200 day simple moving average is GBX 254.67. The company has a debt-to-equity ratio of 47.47, a quick ratio of 1.22 and a current ratio of 1.42. The stock has a market capitalization of £1.05 billion, a price-to-earnings ratio of -19.98, a price-to-earnings-growth ratio of 2.15 and a beta of 0.05.

Serica Energy (LON:SQZ) last posted its earnings results 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%. Research analysts forecast that Serica Energy will post 30.373444 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.