Serica Energy (LON:SQZ) Issues Earnings Results

Serica Energy (LON:SQZ) posted its quarterly earnings data on Thursday. The company reported GBX 2 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Serica Energy had a negative return on equity of 11.49% and a negative net margin of 8.68%.

Serica Energy Trading Down 1.6%

SQZ opened at GBX 228.22 on Friday. The company has a debt-to-equity ratio of 33.93, a quick ratio of 1.22 and a current ratio of 1.14. The stock’s 50 day moving average price is GBX 239.63 and its 200-day moving average price is GBX 247.65. Serica Energy has a one year low of GBX 146 and a one year high of GBX 302.40. The stock has a market cap of £891.34 million, a price-to-earnings ratio of -17.56, a P/E/G ratio of 2.15 and a beta of 0.05.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SQZ shares. Jefferies Financial Group restated a “buy” rating and set a GBX 310 price target on shares of Serica Energy in a report on Tuesday, June 2nd. Berenberg Bank reiterated a “buy” rating and set a GBX 365 price objective on shares of Serica Energy in a research report on Thursday. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 340 target price on shares of Serica Energy in a research note on Monday, July 27th. Eight research analysts have rated the stock with a Buy rating, According to MarketBeat, Serica Energy presently has a consensus rating of “Buy” and a consensus target price of GBX 273.88.

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.