Serica Energy plc (LON:SQZ) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Serica Energy plc (LON:SQZ) have been assigned an average recommendation of “Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 225.83.

Several equities analysts recently weighed in on SQZ shares. Panmure Gordon decreased their target price on shares of Serica Energy from GBX 270 to GBX 238 and set a “buy” rating for the company in a research note on Tuesday, December 2nd. Canaccord Genuity Group upped their price target on shares of Serica Energy from GBX 225 to GBX 230 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Shore Capital Group reiterated a “buy” rating and issued a GBX 235 price target on shares of Serica Energy in a research note on Thursday, January 22nd.

Serica Energy Stock Down 1.8%

LON:SQZ opened at GBX 245 on Tuesday. Serica Energy has a twelve month low of GBX 112 and a twelve month high of GBX 287.50. The firm has a market capitalization of £956.79 million, a price-to-earnings ratio of -30.63, a price-to-earnings-growth ratio of 2.15 and a beta of 0.05. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 31.14. The stock’s 50 day moving average price is GBX 230.30 and its two-hundred day moving average price is GBX 200.79.

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.