Serica Energy (LON:SQZ) Releases Earnings Results

Serica Energy (LON:SQZ) announced its quarterly earnings results on Tuesday. The company reported GBX 0.24 ($0.00) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Serica Energy had a negative return on equity of 1.09% and a negative net margin of 1.09%.

Serica Energy Price Performance

LON SQZ traded down GBX 14.40 ($0.19) during trading hours on Thursday, hitting GBX 135.60 ($1.76). The company had a trading volume of 1,390,835 shares, compared to its average volume of 2,475,297. The company has a debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69. The firm has a market capitalization of £668.27 million, a price-to-earnings ratio of -93.45, a PEG ratio of 2.15 and a beta of 0.44. Serica Energy has a 52 week low of GBX 110.40 ($1.43) and a 52 week high of GBX 210 ($2.73). The firm has a 50 day simple moving average of GBX 134.95 and a 200 day simple moving average of GBX 136.60.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 200 ($2.60) price target on shares of Serica Energy in a report on Tuesday, February 18th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 200 ($2.60) price target on shares of Serica Energy in a research note on Thursday, January 23rd.

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.