Serica Energy (LON:SQZ) Receives “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Serica Energy (LON:SQZ) in a report issued on Monday morning, MarketBeat.com reports. Canaccord Genuity Group currently has a GBX 340 price objective on the stock.

Other research analysts have also recently issued reports about the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 365 target price on shares of Serica Energy in a report on Monday. Jefferies Financial Group restated a “buy” rating and issued a GBX 310 price target on shares of Serica Energy in a report on Tuesday, June 2nd. Finally, Stifel Nicolaus raised their price objective on Serica Energy from GBX 266 to GBX 281 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Serica Energy currently has an average rating of “Buy” and an average price target of GBX 273.88.

Serica Energy Stock Down 7.3%

SQZ stock opened at GBX 238.40 on Monday. The company has a market cap of £931.08 million, a P/E ratio of -18.34, a P/E/G ratio of 2.15 and a beta of 0.05. Serica Energy has a 52 week low of GBX 146 and a 52 week high of GBX 302.40. The company’s 50-day moving average price is GBX 245.47 and its 200 day moving average price is GBX 245.42. The company has a current ratio of 1.14, a quick ratio of 1.22 and a debt-to-equity ratio of 33.93.

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.