Serica Energy (LON:SQZ - Get Free Report)'s stock had its "buy" rating reiterated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday, Marketbeat reports. They presently have a GBX 215 ($2.90) price target on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 27.98% from the company's current price.
SQZ has been the topic of several other reports. Canaccord Genuity Group reissued a "buy" rating and set a GBX 190 ($2.57) target price on shares of Serica Energy in a research note on Thursday, July 31st. Jefferies Financial Group reissued a "buy" rating and set a GBX 190 ($2.57) target price on shares of Serica Energy in a research note on Tuesday, August 5th. Finally, Shore Capital reissued a "buy" rating and set a GBX 220 ($2.97) target price on shares of Serica Energy in a research note on Tuesday, August 5th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of GBX 203 ($2.74).
Get Our Latest Analysis on SQZ
Serica Energy Trading Down 1.4%
Shares of SQZ traded down GBX 2.40 ($0.03) during trading hours on Wednesday, hitting GBX 168 ($2.27). 1,216,518 shares of the stock were exchanged, compared to its average volume of 2,014,795. Serica Energy has a fifty-two week low of GBX 110.40 ($1.49) and a fifty-two week high of GBX 188 ($2.54). The company has a debt-to-equity ratio of 26.31, a current ratio of 1.69 and a quick ratio of 1.22. The business has a 50-day moving average of GBX 165.59 and a 200-day moving average of GBX 144.90. The firm has a market capitalization of £827.94 million, a P/E ratio of -115.78, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44.
Insider Buying and Selling at Serica Energy
In other Serica Energy news, insider Martin Copeland acquired 45,000 shares of the company's stock in a transaction on Thursday, July 3rd. The shares were purchased at an average cost of GBX 161 ($2.17) per share, with a total value of £72,450 ($97,812.88). Company insiders own 37.70% of the company's stock.
About Serica Energy
(
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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.
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