Serica Energy’s (SQZ) “Buy” Rating Reiterated at Shore Capital

Shore Capital reiterated their buy rating on shares of Serica Energy (LON:SQZ) in a research report report published on Thursday morning, MarketBeat.com reports. Shore Capital currently has a GBX 235 price target on the stock.

A number of other research firms have also issued reports on SQZ. Jefferies Financial Group lifted their price objective on shares of Serica Energy from GBX 190 to GBX 230 and gave the company a “buy” rating in a research note on Monday, October 20th. Peel Hunt restated a “buy” rating and set a GBX 207 price objective on shares of Serica Energy in a report on Tuesday, November 4th. Panmure Gordon decreased their price target on shares of Serica Energy from GBX 270 to GBX 238 and set a “buy” rating for the company in a research report on Tuesday, December 2nd. Finally, Canaccord Genuity Group lifted their price target on shares of Serica Energy from GBX 215 to GBX 240 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Seven analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 222.14.

Serica Energy Price Performance

Shares of SQZ opened at GBX 208 on Thursday. The stock’s 50-day moving average price is GBX 182.90 and its two-hundred day moving average price is GBX 181.39. The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31. Serica Energy has a 1 year low of GBX 112 and a 1 year high of GBX 223. The stock has a market cap of £812.29 million, a P/E ratio of -26.00, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44.

Insider Buying and Selling

In related news, insider Chris Cox purchased 64,007 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were acquired at an average price of GBX 170 per share, with a total value of £108,811.90. 63.80% of the stock is currently owned by 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. 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.