Serica Energy (LON:SQZ - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at Shore Capital in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. They currently have a GBX 221 ($2.99) price target on the stock. Shore Capital's price target would suggest a potential upside of 33.62% from the company's previous close.
Serica Energy Price Performance
Shares of LON SQZ opened at GBX 165.40 ($2.24) on Wednesday. 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 firm has a fifty day moving average of GBX 159.53 and a 200 day moving average of GBX 143.25. The firm has a market cap of £815.13 million, a PE ratio of -113.99, a PEG ratio of 2.15 and a beta of 0.44. Serica Energy has a one year low of GBX 110.40 ($1.49) and a one year high of GBX 188 ($2.54).
Insider Activity
In other Serica Energy news, insider Martin Copeland acquired 45,000 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The shares were purchased at an average price of GBX 161 ($2.18) per share, with a total value of £72,450 ($97,945.11). 37.70% of the stock is currently owned by corporate insiders.
Serica Energy Company Profile
(
Get Free Report)
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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