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

Shares of Serica Energy plc (LON:SQZ) rose 8.4% during trading on Tuesday . The stock traded as high as GBX 147 ($1.93) and last traded at GBX 145.20 ($1.90). Approximately 3,347,482 shares were traded during trading, an increase of 33% from the average daily volume of 2,514,716 shares. The stock had previously closed at GBX 134 ($1.76).

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 200 ($2.62) price objective on shares of Serica Energy in a research note on Thursday, January 23rd. Berenberg Bank reissued a “buy” rating and issued a GBX 200 ($2.62) price target on shares of Serica Energy in a research note on Tuesday, February 18th.

Serica Energy Stock Down 10.5 %

The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31. The stock has a 50 day simple moving average of GBX 134.73 and a 200 day simple moving average of GBX 136.58. The firm has a market capitalization of £661.37 million, a PE ratio of -92.49, a PEG 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) 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, sell-side analysts forecast that Serica Energy plc will post 30.373444 earnings per share for the current 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.