Jefferies Financial Group Reaffirms Buy Rating for Serica Energy (LON:SQZ)

Serica Energy (LON:SQZ)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Financial Group in a note issued to investors on Tuesday,London Stock Exchange reports. They presently have a GBX 310 price objective on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 19.32% from the stock’s previous close.

Several other brokerages have also recently issued reports on SQZ. Shore Capital Group reissued a “buy” rating on shares of Serica Energy in a report on Thursday, March 26th. Stifel Nicolaus boosted their price objective on Serica Energy from GBX 266 to GBX 281 and gave the company a “buy” rating in a report on Tuesday, March 31st. Berenberg Bank reissued a “buy” rating and issued a GBX 350 price objective on shares of Serica Energy in a report on Tuesday. Finally, Canaccord Genuity Group boosted their price objective on Serica Energy from GBX 230 to GBX 310 and gave the company a “buy” rating in a report on Monday, March 30th. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 268.25.

Serica Energy Stock Performance

Shares of SQZ opened at GBX 259.80 on Tuesday. The stock has a 50-day moving average of GBX 269.86 and a two-hundred day moving average of GBX 228.58. Serica Energy has a one year low of GBX 146 and a one year high of GBX 302.40. The company has a debt-to-equity ratio of 33.93, a quick ratio of 1.22 and a current ratio of 1.14. The stock has a market cap of £1.01 billion, a P/E ratio of -19.98, a P/E/G ratio of 2.15 and a beta of 0.05.

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.