Serica Energy plc (LON:SQZ) Receives Average Recommendation of “Buy” from Brokerages

Serica Energy plc (LON:SQZ) has been assigned an average recommendation of “Buy” from the eight analysts that are covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 268.25.

Several research analysts have commented on the stock. Canaccord Genuity Group upped their price objective on shares of Serica Energy from GBX 230 to GBX 310 and gave the stock a “buy” rating in a report on Monday, March 30th. Stifel Nicolaus upped their price objective on shares of Serica Energy from GBX 266 to GBX 281 and gave the stock a “buy” rating in a report on Tuesday, March 31st. Jefferies Financial Group restated a “buy” rating and issued a GBX 310 price objective on shares of Serica Energy in a report on Tuesday, June 2nd. Berenberg Bank restated a “buy” rating and issued a GBX 350 price objective on shares of Serica Energy in a report on Tuesday, June 2nd. Finally, Shore Capital Group restated a “buy” rating on shares of Serica Energy in a report on Thursday, March 26th.

Serica Energy Trading Down 0.6%

LON:SQZ opened at GBX 258.80 on Friday. The company has a fifty day moving average of GBX 270.34 and a 200 day moving average of GBX 229.84. Serica Energy has a 52 week low of GBX 146 and a 52 week high of GBX 302.40. The company has a quick ratio of 1.22, a current ratio of 1.14 and a debt-to-equity ratio of 33.93. The firm has a market capitalization of £1.01 billion, a P/E ratio of -19.91, a P/E/G ratio of 2.15 and a beta of 0.05.

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.