Serica Energy plc (LON:SQZ) Given Average Recommendation of “Buy” by Analysts

Shares of Serica Energy plc (LON:SQZ) have been given an average recommendation of “Buy” by the six analysts that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 225.83.

SQZ has been the topic of a number of research reports. Canaccord Genuity Group lifted their price target on shares of Serica Energy from GBX 225 to GBX 230 and gave the company a “buy” rating in a report on Thursday, January 22nd. Peel Hunt reissued a “buy” rating and set a GBX 207 target price on shares of Serica Energy in a research report on Tuesday, November 4th. Panmure Gordon reduced their price objective on shares of Serica Energy from GBX 270 to GBX 238 and set a “buy” rating on the stock in a research report on Tuesday, December 2nd. Finally, Shore Capital Group reiterated a “buy” rating and set a GBX 235 target price on shares of Serica Energy in a research report on Thursday, January 22nd.

Serica Energy Stock Performance

LON:SQZ opened at GBX 242 on Friday. The stock has a market capitalization of £945.07 million, a P/E ratio of -30.25, 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. Serica Energy has a 12-month low of GBX 112 and a 12-month high of GBX 247. The stock has a 50-day moving average price of GBX 200.56 and a 200 day moving average price of GBX 189.69.

Insiders Place Their Bets

In other news, insider Chris Cox bought 64,007 shares of the stock in a transaction on Tuesday, December 16th. The stock was acquired at an average cost of GBX 170 per share, for a total transaction of £108,811.90. 63.82% of the stock is currently owned by company 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. 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.