Serica Energy (LON:SQZ – Get Free Report) announced its earnings results on Thursday. The company reported GBX 2 earnings per share 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 Stock Performance
Serica Energy stock traded up GBX 7 on Thursday, hitting GBX 232. The company’s stock had a trading volume of 1,885,738 shares, compared to its average volume of 3,981,073. Serica Energy has a one year low of GBX 146 and a one year high of GBX 302.40. The firm has a market cap of £906.09 million, a P/E ratio of -17.85, a price-to-earnings-growth ratio of 2.15 and a beta of 0.05. The company has a quick ratio of 1.22, a current ratio of 1.14 and a debt-to-equity ratio of 33.93. The company has a fifty day moving average price of GBX 240.09 and a 200-day moving average price of GBX 247.45.
Analyst Ratings Changes
Several equities analysts recently commented on SQZ shares. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 340 target price on shares of Serica Energy in a research note on Monday, July 27th. Jefferies Financial Group restated a “buy” rating and issued a GBX 310 price target on shares of Serica Energy in a research report on Tuesday, June 2nd. Finally, Berenberg Bank restated a “buy” rating and set a GBX 365 price objective on shares of Serica Energy in a report on Thursday. Eight research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 273.88.
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. 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.
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