Serica Energy plc (LON:SQZ) Stock Has Consensus Price Target of GBX 283.71

Key Points

• Analysts unanimously rate Serica Energy “Buy”: All seven covering research firms recommend the stock, with a consensus 12-month price target of GBX 283.71.
• Recent targets include GBX 320 from Jefferies, GBX 365 from Berenberg, and GBX 340 from Canaccord Genuity, compared with a reported opening price of GBX 265.80.
• Serica Energy reported quarterly EPS of GBX 2 and has interests in multiple North Sea oil and gas assets, including the Bruce, Rhum, Keith, and Columbus fields.

Serica Energy plc (LON:SQZ - Get Free Report) has received a consensus rating of "Buy" from the seven research firms that are covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 283.71.

A number of equities analysts have recently issued reports on SQZ shares. Jefferies Financial Group reissued a "buy" rating and issued a GBX 320 target price on shares of Serica Energy in a report on Wednesday, September 9th. Berenberg Bank reiterated a "buy" rating and issued a GBX 365 price target on shares of Serica Energy in a research report on Thursday, August 6th. Finally, Canaccord Genuity Group reissued a "buy" rating and set a GBX 340 price objective on shares of Serica Energy in a report on Monday, July 27th.

Serica Energy Price Performance

LON:SQZ opened at GBX 265.80 on Friday. The company has a debt-to-equity ratio of 47.47, a quick ratio of 1.22 and a current ratio of 1.42. The company has a 50-day moving average of GBX 258.11 and a 200-day moving average of GBX 256.58. Serica Energy has a 52 week low of GBX 162.20 and a 52 week high of GBX 302.40. The company has a market capitalization of £1.04 billion, a price-to-earnings ratio of -19.98, a PEG ratio of 2.15 and a beta of 0.05.

Serica Energy (LON:SQZ - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported GBX 2 EPS for the quarter. Serica Energy had a negative net margin of 0.27% and a negative return on equity of 0.62%. As a group, equities research analysts anticipate that Serica Energy will post 30.37 earnings per share for the current fiscal year.

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.

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