Serica Energy plc (LON:SQZ) Given Average Recommendation of “Buy” by Brokerages

Serica Energy plc (LON:SQZ) has earned an average rating of “Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have covered the stock in the last year is GBX 222.86.

SQZ has been the subject of several recent research reports. Jefferies Financial Group boosted their price target on shares of Serica Energy from GBX 190 to GBX 230 and gave the stock a “buy” rating in a research note on Monday, October 20th. Panmure Gordon lowered their target price on Serica Energy from GBX 270 to GBX 238 and set a “buy” rating for the company in a research note on Tuesday, December 2nd. Peel Hunt restated a “buy” rating and set a GBX 207 target price on shares of Serica Energy in a report on Tuesday, November 4th. Canaccord Genuity Group lifted their price target on Serica Energy from GBX 215 to GBX 240 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Finally, Shore Capital reiterated a “buy” rating and issued a GBX 230 price objective on shares of Serica Energy in a research report on Friday, November 28th.

Serica Energy Trading Down 1.5%

Shares of SQZ opened at GBX 179 on Thursday. Serica Energy has a fifty-two week low of GBX 112 and a fifty-two week high of GBX 223. The firm has a market cap of £699.04 million, a price-to-earnings ratio of -22.38, a PEG ratio of 2.15 and a beta of 0.44. The firm has a 50 day moving average price of GBX 186.94 and a 200-day moving average price of GBX 178.49. The company has a debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69.

Insider Buying and Selling

In other news, insider Chris Cox purchased 64,007 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was acquired at an average price of GBX 170 per share, with a total value of £108,811.90. 63.80% of the stock is owned by corporate insiders.

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.