Serica Energy (LON:SQZ) Receives “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Serica Energy (LON:SQZ) in a research note released on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has a GBX 215 price target on the stock.

Several other research firms have also recently issued reports on SQZ. JPMorgan Chase & Co. reissued a “buy” rating and issued a GBX 215 price target on shares of Serica Energy in a research note on Wednesday, August 13th. Shore Capital reissued a “buy” rating on shares of Serica Energy in a research note on Wednesday, September 10th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 190 price target on shares of Serica Energy in a research note on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 208.

Serica Energy Trading Up 0.7%

LON:SQZ opened at GBX 163.40 on Tuesday. Serica Energy has a 1 year low of GBX 112 and a 1 year high of GBX 188. The stock has a market cap of £638.12 million, a price-to-earnings ratio of -2,042.50, a PEG ratio of 2.15 and a beta of 0.44. The business has a fifty day moving average of GBX 168.74 and a 200-day moving average of GBX 150.98. The company has a debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69.

Insider Buying and Selling at Serica Energy

In other news, insider Martin Copeland acquired 45,000 shares of the business’s stock in a transaction dated Thursday, July 3rd. The stock was acquired at an average price of GBX 161 per share, for a total transaction of £72,450. 63.80% of the stock is currently owned by company insiders.

About Serica Energy

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.