Serica Energy (LON:SQZ) Given “Buy” Rating at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Serica Energy (LON:SQZ) in a research report sent to investors on Tuesday morning, Marketbeat.com reports. The brokerage currently has a GBX 190 ($2.53) price objective on the stock.

Other equities research analysts have also issued reports about the company. Shore Capital reissued a “buy” rating and set a GBX 221 ($2.94) price target on shares of Serica Energy in a research report on Wednesday, July 23rd. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 190 ($2.53) target price on shares of Serica Energy in a research report on Thursday, July 31st.

Serica Energy Trading Up 5.6%

Shares of SQZ opened at GBX 166 ($2.21) on Tuesday. The firm has a market capitalization of £818.09 million, a P/E ratio of -114.41, a P/E/G ratio of 2.15 and a beta of 0.44. The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31. The firm has a 50-day moving average price of GBX 164.37 and a 200 day moving average price of GBX 144.30. Serica Energy has a 12-month low of GBX 110.40 ($1.47) and a 12-month high of GBX 188 ($2.50).

Insiders Place Their Bets

In related news, insider Martin Copeland bought 45,000 shares of the company’s stock in a transaction on Thursday, July 3rd. The shares were purchased at an average cost of GBX 161 ($2.14) per share, with a total value of £72,450 ($96,330.28). 37.70% of the stock is owned by corporate insiders.

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.