Serica Energy (LON:SQZ) Stock Price Up 14.6% - Should You Buy?

Key Points

• Serica Energy's stock price surged by 14.6% to GBX 197.40 ($2.65), with trading volume increasing by 154% compared to its average daily volume.
• Multiple analysts, including Jefferies and Canaccord Genuity, have given a "buy" rating, with price targets ranging from GBX 190 to GBX 215, leading to a consensus target price of GBX 207.83.
• Insider **Martin Copeland** purchased 45,000 shares at an average price of GBX 161, indicating confidence in the company's future performance.

Serica Energy plc (LON:SQZ - Get Free Report)'s share price rose 14.6% on Tuesday . The stock traded as high as GBX 198.80 ($2.67) and last traded at GBX 197.40 ($2.65). Approximately 5,177,625 shares traded hands during trading, an increase of 154% from the average daily volume of 2,035,568 shares. The stock had previously closed at GBX 172.20 ($2.31).

Analysts Set New Price Targets

SQZ has been the topic of several recent research reports. Jefferies Financial Group restated a "buy" rating and set a GBX 190 target price on shares of Serica Energy in a report on Tuesday, August 5th. Shore Capital restated a "buy" rating on shares of Serica Energy in a report on Wednesday, September 10th. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 215 price objective on shares of Serica Energy in a report on Tuesday, September 16th. Peel Hunt reiterated a "buy" rating and issued a GBX 207 price objective on shares of Serica Energy in a report on Tuesday. Finally, JPMorgan Chase & Co. reiterated a "buy" rating and issued a GBX 215 price objective on shares of Serica Energy in a report on Wednesday, August 13th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, Serica Energy currently has a consensus rating of "Buy" and an average target price of GBX 207.83.

Serica Energy Stock Up 14.6%

The stock has a market capitalization of £770.90 million, a price-to-earnings ratio of -2,467.50, a PEG ratio of 2.15 and a beta of 0.44. The business has a fifty day moving average of GBX 169.12 and a 200 day moving average of GBX 153.32. The company has a debt-to-equity ratio of 26.31, a current ratio of 1.69 and a quick ratio of 1.22.

Insider Buying and Selling

In other news, insider Martin Copeland purchased 45,000 shares of the firm's stock in a transaction on Thursday, July 3rd. The shares were bought at an average cost of GBX 161 per share, for a total transaction of £72,450. 63.80% of the stock is owned by company insiders.

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.

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