Serica Energy (LON:SQZ) Shares Up 8.4% – Still a Buy?

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

Analyst Ratings Changes

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

Serica Energy Stock Performance

The company has a debt-to-equity ratio of 26.31, a current ratio of 1.69 and a quick ratio of 1.22. The company’s fifty day moving average price is GBX 134.97 and its 200 day moving average price is GBX 136.45. The company has a market cap of £726.41 million, a PE ratio of -101.59, a P/E/G ratio of 2.15 and a beta of 0.44.

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

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.