Serica Energy plc (SQZ.L) – What Are Analysts Saying About This Stock?

Serica Energy plc (LON:SQZ) has earned an average rating of “Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 296.50.

SQZ has been the subject of several research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 320 target price on shares of Serica Energy in a research report on Tuesday, October 20th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 340 target price on shares of Serica Energy in a research note on Monday, July 27th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 365 price target on shares of Serica Energy in a report on Thursday, August 6th.

Serica Energy Stock Performance

Shares of Serica Energy stock opened at GBX 259.60 on Wednesday. The business’s fifty day simple moving average is GBX 267.48 and its 200 day simple moving average is GBX 253.75. The company has a current ratio of 1.42, a quick ratio of 1.22 and a debt-to-equity ratio of 47.47. Serica Energy has a 12 month low of GBX 162.20 and a 12 month high of GBX 302.40. The firm has a market capitalization of £1.02 billion, a P/E ratio of -19.98, a price-to-earnings-growth 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.