Shore Capital Reaffirms “Buy” Rating for Serica Energy (LON:SQZ)

Serica Energy (LON:SQZ)‘s stock had its “buy” rating restated by stock analysts at Shore Capital in a research note issued on Thursday, Marketbeat.com reports. They presently have a GBX 235 target price on the stock. Shore Capital’s price objective suggests a potential upside of 12.98% from the stock’s current price.

A number of other equities analysts have also issued reports on the company. Jefferies Financial Group raised their target price on 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 cut their price objective on Serica Energy from GBX 270 to GBX 238 and set a “buy” rating on the stock in a report on Tuesday, December 2nd. Peel Hunt reaffirmed a “buy” rating and set a GBX 207 target price on shares of Serica Energy in a report on Tuesday, November 4th. Finally, Canaccord Genuity Group upped their target price on Serica Energy from GBX 215 to GBX 240 and gave the company a “buy” rating in a research report on Friday, October 3rd. Seven analysts have rated the stock with a Buy rating, According to MarketBeat, Serica Energy currently has a consensus rating of “Buy” and an average target price of GBX 222.14.

Serica Energy Trading Up 1.0%

LON SQZ opened at GBX 208 on Thursday. Serica Energy has a 12-month low of GBX 112 and a 12-month high of GBX 223. The company has a fifty day simple moving average of GBX 182.90 and a two-hundred day simple moving average of GBX 181.25. The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31. The stock has a market cap of £812.29 million, a P/E ratio of -26.00, a P/E/G ratio of 2.15 and a beta of 0.44.

Insider Buying and Selling at Serica Energy

In related news, insider Chris Cox acquired 64,007 shares of Serica Energy stock in a transaction on Tuesday, December 16th. The stock was bought at an average cost of GBX 170 per share, for a total transaction of £108,811.90. 63.80% of the stock is currently owned by insiders.

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.