Serica Energy (LON:SQZ) Given “Buy” Rating at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Serica Energy (LON:SQZ) in a research report released on Thursday morning, Marketbeat reports. Berenberg Bank currently has a GBX 300 price objective on the stock.

A number of other equities research analysts have also recently weighed in on the company. Canaccord Genuity Group lifted their price target on Serica Energy from GBX 225 to GBX 230 and gave the company a “buy” rating in a report on Thursday, January 22nd. Panmure Gordon decreased their price objective on Serica Energy from GBX 270 to GBX 238 and set a “buy” rating for the company in a report on Tuesday, December 2nd. Finally, Shore Capital Group restated a “buy” rating and issued a GBX 235 target price on shares of Serica Energy in a research report on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 236.43.

Serica Energy Trading Up 1.1%

Serica Energy stock opened at GBX 258.26 on Thursday. 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 firm has a 50-day moving average price of GBX 233.70 and a two-hundred day moving average price of GBX 202.09. The firm has a market capitalization of £1.01 billion, a price-to-earnings ratio of -32.28, a PEG ratio of 2.15 and a beta of 0.05. Serica Energy has a 52-week low of GBX 112 and a 52-week high of GBX 287.50.

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.