Serica Energy’s (SQZ) Buy Rating Reiterated at Berenberg Bank

Serica Energy (LON:SQZ)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a report issued on Thursday,London Stock Exchange reports. They currently have a GBX 365 target price on the stock. Berenberg Bank’s target price points to a potential upside of 56.84% from the stock’s current price.

Several other research firms have also recently weighed in on SQZ. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 310 price objective on shares of Serica Energy in a research report on Tuesday, June 2nd. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 340 target price on shares of Serica Energy in a report on Monday, July 27th. Eight analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 273.88.

Serica Energy Stock Performance

SQZ opened at GBX 232.72 on Thursday. The firm has a market cap of £908.90 million, a P/E ratio of -17.90, a price-to-earnings-growth ratio of 2.15 and a beta of 0.05. Serica Energy has a 52-week low of GBX 146 and a 52-week high of GBX 302.40. The company has a debt-to-equity ratio of 33.93, a quick ratio of 1.22 and a current ratio of 1.14. The business’s fifty day moving average is GBX 240.09 and its 200-day moving average is GBX 247.45.

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.