Serica Energy plc (LON:SQZ) Receives Average Rating of “Buy” from Brokerages

Shares of Serica Energy plc (LON:SQZ) have earned a consensus rating of “Buy” from the eight research firms that are currently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 268.25.

Several analysts recently commented on the stock. Shore Capital Group reissued a “buy” rating on shares of Serica Energy in a research report on Thursday, March 26th. Canaccord Genuity Group raised their price target on shares of Serica Energy from GBX 230 to GBX 310 and gave the company a “buy” rating in a report on Monday, March 30th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 350 price target on shares of Serica Energy in a report on Tuesday, June 2nd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 310 price target on shares of Serica Energy in a report on Tuesday, June 2nd. Finally, Stifel Nicolaus raised their price target on shares of Serica Energy from GBX 266 to GBX 281 and gave the company a “buy” rating in a report on Tuesday, March 31st.

Serica Energy Stock Down 0.6%

LON:SQZ opened at GBX 258.80 on Friday. The firm’s 50-day moving average price is GBX 270.34 and its 200-day moving average price is GBX 229.84. The company has a market capitalization of £1.01 billion, a PE ratio of -19.91, a P/E/G ratio of 2.15 and a beta of 0.05. The company has a debt-to-equity ratio of 33.93, a current ratio of 1.14 and a quick ratio of 1.22. Serica Energy has a 1-year low of GBX 146 and a 1-year high of GBX 302.40.

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.