Serica Energy (LON:SQZ) Stock Keeps Buy Rating at Jefferies Financial Group

Serica Energy (LON:SQZ)‘s stock had its “buy” rating reissued by analysts at Jefferies Financial Group in a note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 320 price target on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 19.76% from the company’s current price.

Other analysts also recently issued reports about the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 340 price target on shares of Serica Energy in a research report on Monday, July 27th. Berenberg Bank restated a “buy” rating and set a GBX 365 price objective on shares of Serica Energy in a report on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 283.71.

Serica Energy Trading Down 2.6%

LON SQZ traded down GBX 7.20 on Tuesday, reaching GBX 267.20. The company had a trading volume of 2,044,474 shares, compared to its average volume of 3,534,780. The stock’s 50 day moving average is GBX 263.57 and its 200-day moving average is GBX 256.83. The stock has a market cap of £1.05 billion, a price-to-earnings ratio of -19.98, a PEG ratio of 2.15 and a beta of 0.05. The company has a quick ratio of 1.22, a current ratio of 1.42 and a debt-to-equity ratio of 47.47. Serica Energy has a 52 week low of GBX 162.20 and a 52 week high of GBX 302.40.

Serica Energy (LON:SQZ) last released 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%. Equities analysts predict that Serica Energy will post 30.37 earnings per share for the current 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.