Serica Energy’s (SQZ) “Buy” Rating Reaffirmed at Jefferies Financial Group

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

A number of other brokerages have also recently weighed in on SQZ. Berenberg Bank reiterated a “buy” rating and issued a GBX 365 price objective on shares of Serica Energy in a research note on Thursday, August 6th. Canaccord Genuity Group restated a “buy” rating and set a GBX 340 target price on shares of Serica Energy in a research report on Monday, July 27th. Seven analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Serica Energy has an average rating of “Buy” and an average price target of GBX 283.71.

Serica Energy Stock Down 2.6%

Shares of SQZ traded down GBX 7.20 during midday trading on Tuesday, hitting GBX 267.20. The company had a trading volume of 2,044,474 shares, compared to its average volume of 3,534,780. The company’s 50-day simple moving average is GBX 263.57 and its 200-day simple moving average is GBX 256.83. The company has a debt-to-equity ratio of 47.47, a quick ratio of 1.22 and a current ratio of 1.42. The firm has a market capitalization of £1.05 billion, a P/E ratio of -19.98, a P/E/G ratio of 2.15 and a beta of 0.05. Serica Energy has a 1 year low of GBX 162.20 and a 1 year high of GBX 302.40.

Serica Energy (LON:SQZ) last announced its quarterly earnings data on Thursday, August 6th. The company reported GBX 2 EPS for the quarter. Serica Energy had a negative net margin of 0.27% and a negative return on equity of 0.62%. As a group, sell-side analysts expect that Serica Energy will post 30.37 EPS 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.