Serica Energy plc (LON:SQZ) Receives GBX 283.71 Consensus Target Price from Brokerages

Shares of Serica Energy plc (LON:SQZ) have been assigned an average rating of “Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 283.71.

Several equities research analysts have recently weighed in on SQZ shares. Jefferies Financial Group reissued a “buy” rating and issued a GBX 320 price target on shares of Serica Energy in a research note on Wednesday, September 9th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 340 price target on shares of Serica Energy in a research report on Monday, July 27th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 365 target price on shares of Serica Energy in a report on Thursday, August 6th.

Serica Energy Stock Performance

LON:SQZ opened at GBX 280.40 on Tuesday. The stock has a market cap of £1.10 billion, a P/E ratio of -19.98, a price-to-earnings-growth ratio of 2.15 and a beta of 0.05. The company has a current ratio of 1.42, a quick ratio of 1.22 and a debt-to-equity ratio of 47.47. The stock’s 50-day moving average is GBX 250.59 and its 200-day moving average is GBX 256.84. Serica Energy has a 1-year low of GBX 158.20 and a 1-year high of GBX 302.40.

Serica Energy (LON:SQZ) last issued its quarterly earnings data on Thursday, August 6th. The company reported GBX 2 earnings per share (EPS) for the quarter. Serica Energy had a negative net margin of 0.27% and a negative return on equity of 0.62%. Equities research analysts anticipate that Serica Energy will post 30.373444 earnings per share for the current year.

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.