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

Serica Energy plc (LON:SQZ) has been assigned an average rating of “Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 254.50.

Several analysts have recently commented on SQZ shares. Canaccord Genuity Group increased their price objective on Serica Energy from GBX 230 to GBX 310 and gave the company a “buy” rating in a report on Monday, March 30th. Stifel Nicolaus upped their target price on Serica Energy from GBX 266 to GBX 281 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Shore Capital Group reissued a “buy” rating on shares of Serica Energy in a report on Thursday, March 26th. Jefferies Financial Group restated a “buy” rating and set a GBX 250 price target on shares of Serica Energy in a research note on Friday, April 24th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 300 price objective on shares of Serica Energy in a report on Thursday, March 26th.

Serica Energy Stock Up 0.6%

Shares of LON SQZ opened at GBX 274.75 on Wednesday. Serica Energy has a 12-month low of GBX 139 and a 12-month high of GBX 302.40. The stock’s fifty day simple moving average is GBX 269.13 and its two-hundred day simple moving average is GBX 222.83. The stock has a market capitalization of £1.07 billion, a PE ratio of -21.13, a price-to-earnings-growth ratio of 2.15 and a beta of 0.05. 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 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.