Serica Energy (LON:SQZ) Trading 8.4% Higher – Should You Buy?

Serica Energy plc (LON:SQZ)’s share price rose 8.4% during mid-day trading on Tuesday . The company traded as high as GBX 147 ($1.90) and last traded at GBX 145.20 ($1.88). Approximately 3,347,482 shares traded hands during trading, an increase of 33% from the average daily volume of 2,514,716 shares. The stock had previously closed at GBX 134 ($1.73).

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Berenberg Bank restated a “buy” rating and issued a GBX 200 ($2.59) price objective on shares of Serica Energy in a research report on Tuesday, February 18th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 200 ($2.59) price target on shares of Serica Energy in a report on Thursday, January 23rd.

Serica Energy Price Performance

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 stock’s fifty day moving average price is GBX 134.97 and its 200-day moving average price is GBX 136.45. The firm has a market cap of £715.58 million, a PE ratio of -100.07, a P/E/G ratio of 2.15 and a beta of 0.44.

Serica Energy (LON:SQZ) last issued its earnings results on Tuesday, April 1st. The company reported GBX 0.24 ($0.00) earnings per share (EPS) for the quarter. Serica Energy had a negative net margin of 1.09% and a negative return on equity of 1.09%. As a group, equities analysts forecast that Serica Energy plc will post 30.373444 EPS for the current fiscal year.

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.