Serica Energy (LON:SQZ) Price Target Raised to GBX 281 at Stifel Nicolaus

Serica Energy (LON:SQZ) had its price target boosted by Stifel Nicolaus from GBX 266 to GBX 281 in a research report sent to investors on Tuesday morning,London Stock Exchange reports. The firm currently has a buy rating on the stock.

Other equities analysts have also issued reports about the company. Berenberg Bank restated a “buy” rating and set a GBX 300 target price on shares of Serica Energy in a research report on Thursday, March 26th. Shore Capital Group reiterated a “buy” rating on shares of Serica Energy in a research report on Thursday, March 26th. Panmure Gordon decreased their price objective on shares of Serica Energy from GBX 270 to GBX 238 and set a “buy” rating for the company in a report on Tuesday, December 2nd. Finally, Canaccord Genuity Group upped their target price on shares of Serica Energy from GBX 230 to GBX 310 and gave the company a “buy” rating in a research note on Monday. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 252.

Serica Energy Stock Performance

Shares of LON SQZ opened at GBX 294 on Tuesday. Serica Energy has a fifty-two week low of GBX 112 and a fifty-two week high of GBX 296.50. The firm has a market capitalization of £1.15 billion, a P/E ratio of -36.75, a P/E/G ratio of 2.15 and a beta of 0.78. The company has a debt-to-equity ratio of 33.93, a current ratio of 1.14 and a quick ratio of 1.22. The company’s 50 day simple moving average is GBX 238.89 and its 200 day simple moving average is GBX 205.23.

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.