Serica Energy plc (LON:SQZ) Given Average Recommendation of “Buy” by Analysts

Shares of Serica Energy plc (LON:SQZ) have earned a consensus rating of “Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. Eight analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 254.50.

SQZ has been the topic of a number of research reports. Shore Capital Group reissued a “buy” rating on shares of Serica Energy in a report on Thursday, March 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 250 target price on shares of Serica Energy in a report on Friday, April 24th. Stifel Nicolaus upped their target price on Serica Energy from GBX 266 to GBX 281 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Canaccord Genuity Group increased their price target on shares of Serica Energy from GBX 230 to GBX 310 and gave the stock a “buy” rating in a report on Monday, March 30th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 300 price target on shares of Serica Energy in a research report on Thursday, March 26th.

Serica Energy Stock Performance

Shares of SQZ stock opened at GBX 274.75 on Wednesday. The firm has a market capitalization of £1.07 billion, a price-to-earnings ratio of -21.13, a price-to-earnings-growth ratio of 2.15 and a beta of 0.05. The company has a debt-to-equity ratio of 33.93, a current ratio of 1.14 and a quick ratio of 1.22. The business has a fifty day moving average of GBX 269.13 and a 200 day moving average of GBX 222.83. Serica Energy has a 1 year low of GBX 139 and a 1 year high of GBX 302.40.

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.