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

Shares of Serica Energy plc (LON:SQZ) have received a consensus recommendation of “Buy” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have covered the stock in the last year is GBX 273.88.

A number of brokerages have recently issued reports on SQZ. Jefferies Financial Group reiterated a “buy” rating and set a GBX 310 price target on shares of Serica Energy in a research report on Tuesday, June 2nd. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 340 price objective on shares of Serica Energy in a report on Monday, July 27th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 365 price objective on shares of Serica Energy in a research report on Monday, July 27th.

Serica Energy Price Performance

Serica Energy stock opened at GBX 231.02 on Monday. Serica Energy has a 52 week low of GBX 146 and a 52 week high of GBX 302.40. The business has a 50-day simple moving average of GBX 242.06 and a 200 day simple moving average of GBX 246.81. 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 stock has a market cap of £902.26 million, a price-to-earnings ratio of -17.77, a PEG 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.