Serica Energy’s (SQZ) Buy Rating Reaffirmed at Canaccord Genuity Group

Serica Energy (LON:SQZ)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity Group in a research note issued on Thursday,Digital Look reports. They presently have a GBX 200 ($2.46) price objective on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 35.59% from the company’s previous close.

Serica Energy Stock Down 2.3 %

SQZ stock opened at GBX 147.50 ($1.82) on Thursday. 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 firm’s 50-day simple moving average is GBX 137.36 and its 200 day simple moving average is GBX 134.48. The stock has a market cap of £575.88 million, a PE ratio of 776.32, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44. Serica Energy has a fifty-two week low of GBX 110.40 ($1.36) and a fifty-two week high of GBX 222.20 ($2.74).

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.