Serica Energy (LON:SQZ) Issues Earnings Results

Serica Energy (LON:SQZ) issued 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 net margin of 1.09% and a negative return on equity of 1.09%.

Serica Energy Stock Down 1.9 %

Shares of LON SQZ opened at GBX 147.11 ($1.91) on Thursday. The firm’s fifty day moving average is GBX 134.95 and its 200 day moving average is GBX 136.60. Serica Energy has a 52 week low of GBX 110.40 ($1.43) and a 52 week high of GBX 210 ($2.73). The company has a quick ratio of 1.22, a current ratio of 1.69 and a debt-to-equity ratio of 26.31. The company has a market cap of £725.00 million, a price-to-earnings ratio of -101.39, a PEG ratio of 2.15 and a beta of 0.44.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 200 ($2.60) price objective on shares of Serica Energy in a research 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 report 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.