Serica Energy (LON:SQZ) Posts Earnings Results

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

Serica Energy Trading Up 3.1%

SQZ traded up GBX 7 during midday trading on Thursday, reaching GBX 232. 1,885,738 shares of the company’s stock traded hands, compared to its average volume of 3,981,073. 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 stock has a market capitalization of £906.09 million, a price-to-earnings ratio of -17.85, a P/E/G ratio of 2.15 and a beta of 0.05. The firm has a fifty day moving average of GBX 240.09 and a two-hundred day moving average of GBX 247.45. Serica Energy has a 52 week low of GBX 146 and a 52 week high of GBX 302.40.

Wall Street Analyst Weigh In

SQZ has been the subject of a number of research reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 365 price objective on shares of Serica Energy in a report on Thursday. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 310 target price on shares of Serica Energy in a research note on Tuesday, June 2nd. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 340 price target on shares of Serica Energy in a research report on Monday, July 27th. Eight analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 273.88.

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.