Serica Energy (LON:SQZ) Receives Buy Rating from Shore Capital

Shore Capital reiterated their buy rating on shares of Serica Energy (LON:SQZ) in a report published on Thursday morning, Marketbeat reports. They currently have a GBX 235 price objective on the stock.

Several other research analysts have also commented on the company. Peel Hunt restated a “buy” rating and set a GBX 207 price target on shares of Serica Energy in a research report on Tuesday, November 4th. Canaccord Genuity Group increased their target price on Serica Energy from GBX 215 to GBX 240 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Panmure Gordon lowered their target price 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, Jefferies Financial Group lifted their target price on Serica Energy from GBX 190 to GBX 230 and gave the company a “buy” rating in a research report on Monday, October 20th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 222.14.

Serica Energy Stock Performance

LON:SQZ opened at GBX 206 on Thursday. Serica Energy has a fifty-two week low of GBX 112 and a fifty-two week high of GBX 223. The company has a debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69. The company has a 50 day moving average price of GBX 183.01 and a 200 day moving average price of GBX 180.92. The stock has a market capitalization of £804.48 million, a P/E ratio of -25.75, a PEG ratio of 2.15 and a beta of 0.44.

Insider Buying and Selling

In related news, insider Chris Cox bought 64,007 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was purchased at an average cost of GBX 170 per share, with a total value of £108,811.90. 63.80% of the stock is owned by 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.