Serica Energy plc (LON:SQZ) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Consensus "Buy": Six analysts rate Serica Energy as a "Buy" with an average 12‑month price target of GBX 225.83, and recent analyst moves include Canaccord raising its target to GBX 230 while Panmure Gordon cut theirs to GBX 238.
• Market and valuation snapshot: the stock opened at GBX 245, trades above its 50‑day (GBX 230.30) and 200‑day (GBX 200.79) moving averages, has a market cap of about £956.8m and a negative PE of -30.63, with a 12‑month range of GBX 112–287.50.
• Business profile: Serica is an upstream oil & gas company focused on UK North Sea assets, holding major interests in the Keith, Bruce and Rhum fields among other prospects and developments.

Shares of Serica Energy plc (LON:SQZ - Get Free Report) have been assigned an average recommendation of "Buy" from the six brokerages that are covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 225.83.

SQZ has been the subject of a number of analyst reports. Canaccord Genuity Group raised their target price on shares of Serica Energy from GBX 225 to GBX 230 and gave the company a "buy" rating in a research report on Thursday, January 22nd. Panmure Gordon cut their price target on shares of Serica Energy from GBX 270 to GBX 238 and set a "buy" rating on the stock in a research report on Tuesday, December 2nd. Finally, Shore Capital Group restated a "buy" rating and set a GBX 235 price objective on shares of Serica Energy in a research note on Thursday, January 22nd.

Serica Energy Price Performance

LON SQZ opened at GBX 245 on Tuesday. The firm's 50 day moving average is GBX 230.30 and its 200-day moving average is GBX 200.79. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 31.14. The company has a market capitalization of £956.79 million, a PE ratio of -30.63, a price-to-earnings-growth ratio of 2.15 and a beta of 0.05. Serica Energy has a 12-month low of GBX 112 and a 12-month high of GBX 287.50.

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. 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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