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

Serica Energy plc (LON:SQZ) has earned a consensus rating of “Buy” from the eight ratings firms that are presently covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is GBX 268.25.

SQZ has been the topic of a number of analyst reports. Stifel Nicolaus lifted their target price on shares of Serica Energy from GBX 266 to GBX 281 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. Berenberg Bank restated a “buy” rating and set a GBX 350 price target on shares of Serica Energy in a research report on Tuesday, June 2nd. Jefferies Financial Group restated a “buy” rating and set a GBX 310 price target on shares of Serica Energy in a research report on Tuesday, June 2nd. Shore Capital Group reaffirmed a “buy” rating on shares of Serica Energy in a research note on Thursday, March 26th. Finally, Canaccord Genuity Group lifted their price objective on Serica Energy from GBX 230 to GBX 310 and gave the stock a “buy” rating in a report on Monday, March 30th.

Serica Energy Trading Up 0.2%

Shares of SQZ opened at GBX 212.78 on Thursday. The firm has a market cap of £831.02 million, a price-to-earnings ratio of -16.37, a PEG ratio of 2.15 and a beta of 0.05. 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 has a fifty-two week low of GBX 146 and a fifty-two week high of GBX 302.40. The firm has a 50 day moving average price of GBX 260.87 and a 200-day moving average price of GBX 237.82.

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.