Serica Energy (LON:SQZ) Given Buy Rating at Shore Capital

Serica Energy (LON:SQZ)‘s stock had its “buy” rating restated by investment analysts at Shore Capital in a report issued on Thursday, MarketBeat Ratings reports. They currently have a GBX 235 price target on the stock. Shore Capital’s price target suggests a potential upside of 13.80% from the company’s current price.

SQZ has been the subject of a number of other reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 207 price objective on shares of Serica Energy in a research report on Tuesday, November 4th. Jefferies Financial Group increased their price target on Serica Energy from GBX 190 to GBX 230 and gave the stock a “buy” rating in a report on Monday, October 20th. Panmure Gordon lowered their price objective on shares of Serica Energy from GBX 270 to GBX 238 and set a “buy” rating on the stock in a research report on Tuesday, December 2nd. Finally, Canaccord Genuity Group boosted their price objective on shares of Serica Energy from GBX 215 to GBX 240 and gave the company a “buy” rating in a research note on Friday, October 3rd. Seven analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 222.14.

Serica Energy Stock Performance

Shares of Serica Energy stock opened at GBX 206.50 on Thursday. The business has a 50-day simple moving average of GBX 183.11 and a 200-day simple moving average of GBX 180.74. The company has a debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69. Serica Energy has a one year low of GBX 112 and a one year high of GBX 223. The company has a market cap of £806.44 million, a PE ratio of -25.81, a P/E/G ratio of 2.15 and a beta of 0.44.

Insider Activity at Serica Energy

In related news, insider Chris Cox purchased 64,007 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was acquired at an average price of GBX 170 per share, for a total transaction of £108,811.90. Company insiders own 63.80% of the company’s stock.

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.