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

Shares of Serica Energy plc (LON:SQZ) have earned a consensus rating of “Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued a report on the stock in the last year is GBX 219.50.

Several equities research analysts have weighed in on SQZ shares. Shore Capital reissued a “buy” rating and set a GBX 225 price target on shares of Serica Energy in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reiterated a “buy” rating and set a GBX 215 target price on shares of Serica Energy in a report on Wednesday, August 13th. Canaccord Genuity Group increased their target price on shares of Serica Energy from GBX 215 to GBX 240 and gave the stock a “buy” rating in a report on Friday, October 3rd. Jefferies Financial Group increased their price objective on Serica Energy from GBX 190 to GBX 230 and gave the stock a “buy” rating in a report on Monday, October 20th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 207 price objective on shares of Serica Energy in a report on Wednesday, October 8th.

Serica Energy Stock Up 5.9%

SQZ stock opened at GBX 207 on Friday. 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 company’s 50 day moving average is GBX 178.58 and its 200 day moving average is GBX 160.95. The stock has a market cap of £808.39 million, a price-to-earnings ratio of -25.88, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44. Serica Energy has a 1-year low of GBX 112 and a 1-year high of GBX 217.

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.