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

Serica Energy (LON:SQZ)‘s stock had its “buy” rating reissued by research analysts at Shore Capital Group in a research note issued on Thursday, Marketbeat Ratings reports.

Several other research firms have also commented on SQZ. Berenberg Bank reiterated a “buy” rating and set a GBX 300 price objective on shares of Serica Energy in a research report on Thursday. Canaccord Genuity Group boosted their target price on shares of Serica Energy from GBX 225 to GBX 230 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Panmure Gordon decreased their target price on shares of Serica Energy from GBX 270 to GBX 238 and set a “buy” rating on the stock in a research report on Tuesday, December 2nd. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 236.43.

Serica Energy Trading Up 7.2%

SQZ stock opened at GBX 274 on Thursday. The firm has a fifty day moving average price of GBX 235.12 and a 200 day moving average price of GBX 202.77. Serica Energy has a fifty-two week low of GBX 112 and a fifty-two week high of GBX 287.50. The firm has a market cap of £1.07 billion, a PE ratio of -34.25, a price-to-earnings-growth ratio of 2.15 and a beta of 0.78. The company has a debt-to-equity ratio of 33.93, a quick ratio of 1.22 and a current ratio of 1.14.

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.