Serica Energy plc (LON:SQZ) Receives GBX 225.83 Average PT from Analysts

Serica Energy plc (LON:SQZ) has been assigned a consensus recommendation of “Buy” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 236.43.

Several equities analysts recently weighed in on SQZ shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 300 price objective on shares of Serica Energy in a research note on Thursday. Panmure Gordon decreased their target price on Serica Energy from GBX 270 to GBX 238 and set a “buy” rating on the stock in a research report on Tuesday, December 2nd. Shore Capital Group restated a “buy” rating on shares of Serica Energy in a research report on Thursday. Finally, Canaccord Genuity Group lifted their price target on Serica Energy from GBX 225 to GBX 230 and gave the stock a “buy” rating in a research note on Thursday, January 22nd.

Serica Energy Price Performance

SQZ stock opened at GBX 274 on Tuesday. The firm has a 50 day moving average of GBX 235.12 and a 200-day moving average of GBX 202.95. The company has a market cap of £1.07 billion, a price-to-earnings ratio of -34.25, a PEG ratio of 2.15 and a beta of 0.78. The company has a current ratio of 1.14, a quick ratio of 1.22 and a debt-to-equity ratio of 33.93. Serica Energy has a 12-month low of GBX 112 and a 12-month high of GBX 287.50.

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.