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

Shares of Serica Energy plc (LON:SQZ) have received a consensus rating of “Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 268.25.

Several analysts have recently commented on SQZ shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 350 target price on shares of Serica Energy in a report on Tuesday, June 2nd. Stifel Nicolaus boosted their price target on shares of Serica Energy from GBX 266 to GBX 281 and gave the stock a “buy” rating in a report on Tuesday, March 31st. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 310 price objective on shares of Serica Energy in a research report on Tuesday, June 2nd. Finally, Canaccord Genuity Group increased their price objective on shares of Serica Energy from GBX 230 to GBX 310 and gave the company a “buy” rating in a research note on Monday, March 30th.

Serica Energy Stock Down 2.7%

SQZ stock opened at GBX 250.18 on Monday. 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 stock’s 50 day moving average is GBX 246.46 and its 200-day moving average is GBX 245.02. The firm has a market capitalization of £977.08 million, a PE ratio of -19.24, 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.