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

Shore Capital Group reaffirmed their buy rating on shares of Serica Energy (LON:SQZ) in a research report released on Thursday morning, MarketBeat.com reports.

A number of other equities research analysts also recently weighed in on the stock. Canaccord Genuity Group lifted their price target on shares of Serica Energy from GBX 225 to GBX 230 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Berenberg Bank restated a “buy” rating and issued a GBX 300 price objective on shares of Serica Energy in a research note on Thursday. Finally, Panmure Gordon reduced 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. Seven 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 236.43.

Serica Energy Stock Performance

SQZ opened at GBX 258.26 on Thursday. The stock has a market cap of £1.01 billion, a PE ratio of -32.28, a P/E/G ratio of 2.15 and a beta of 0.05. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 31.14. Serica Energy has a 1 year low of GBX 112 and a 1 year high of GBX 287.50. The stock’s 50 day simple moving average is GBX 233.70 and its 200-day simple moving average is GBX 202.09.

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.