Serica Energy plc (SQZ.L) – What Are Investment Firms Thinking About This Stock?

Shares of Serica Energy plc (LON:SQZ) have been given a consensus rating of “Buy” by the six brokerages that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 296.50.

Several research analysts have recently issued reports on SQZ shares. Canaccord Genuity Group restated a “buy” rating and issued a GBX 340 target price on shares of Serica Energy in a report on Monday, July 27th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 365 target price on shares of Serica Energy in a research report on Thursday, August 6th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 320 price target on shares of Serica Energy in a research note on Tuesday, October 20th.

Serica Energy Stock Performance

Shares of SQZ opened at GBX 259.60 on Wednesday. The stock has a 50 day moving average price of GBX 266.98 and a 200 day moving average price of GBX 252.33. The company has a quick ratio of 1.22, a current ratio of 1.42 and a debt-to-equity ratio of 47.47. The company has a market capitalization of £1.02 billion, a price-to-earnings ratio of -19.98, a price-to-earnings-growth ratio of 2.15 and a beta of 0.05. 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 announced its quarterly earnings results 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%. Research analysts predict that Serica Energy will post 30.37 EPS for the current fiscal 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.