Jefferies Financial Group Reiterates "Buy" Rating for Serica Energy (LON:SQZ)

Key Points

• Jefferies Financial Group has reaffirmed a "buy" rating for Serica Energy (LON:SQZ) with a target price of GBX 190 ($2.53), indicating a potential upside of 12.16% from its current price.
• Other analysts, including Canaccord Genuity Group and Shore Capital, have also maintained "buy" ratings for Serica Energy, with target prices of GBX 190 and GBX 221 ($2.94), respectively.
• Insider Martin Copeland purchased 45,000 shares of Serica Energy at an average cost of GBX 161 ($2.14) per share, reflecting strong insider confidence in the company's future.

Serica Energy (LON:SQZ - Get Free Report)'s stock had its "buy" rating restated by analysts at Jefferies Financial Group in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. They presently have a GBX 190 ($2.56) target price on the stock. Jefferies Financial Group's price objective indicates a potential upside of 15.15% from the stock's previous close.

Other research analysts have also issued research reports about the stock. Shore Capital reissued a "buy" rating and set a GBX 221 ($2.97) price objective on shares of Serica Energy in a research note on Wednesday, July 23rd. Canaccord Genuity Group restated a "buy" rating and issued a GBX 190 ($2.56) price target on shares of Serica Energy in a research note on Thursday, July 31st.

Serica Energy Price Performance

SQZ stock traded up GBX 0.20 ($0.00) during trading on Tuesday, hitting GBX 165 ($2.22). 557,682 shares of the stock traded hands, compared to its average volume of 2,029,943. The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31. The stock has a market cap of £813.16 million, a price-to-earnings ratio of -113.72, a P/E/G ratio of 2.15 and a beta of 0.44. Serica Energy has a one year low of GBX 110.40 ($1.48) and a one year high of GBX 188 ($2.53). The company has a 50 day simple moving average of GBX 165.17 and a 200 day simple moving average of GBX 144.60.

Insider Transactions at Serica Energy

In related news, insider Martin Copeland bought 45,000 shares of Serica Energy stock in a transaction on Thursday, July 3rd. The stock was acquired at an average price of GBX 161 ($2.17) per share, with a total value of £72,450 ($97,444.52). Corporate insiders own 37.70% of the company's stock.

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.