Serica Energy plc (LON:SQZ – Get Free Report) has received a consensus recommendation of “Buy” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 282.29.
SQZ has been the topic of several recent analyst reports. Canaccord Genuity Group restated a “buy” rating and set a GBX 340 price objective on shares of Serica Energy in a research note on Monday, July 27th. Berenberg Bank reiterated a “buy” rating and issued a GBX 365 target price on shares of Serica Energy in a research note on Thursday, August 6th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 310 target price on shares of Serica Energy in a report on Tuesday, June 2nd.
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Serica Energy Stock Up 3.2%
Serica Energy (LON:SQZ – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported GBX 2 earnings per share (EPS) for the quarter. Serica Energy had a negative return on equity of 0.62% and a negative net margin of 0.27%. Sell-side analysts expect that Serica Energy 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. 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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