Serica Energy (LON:SQZ) Releases Quarterly Earnings Results

Serica Energy (LON:SQZ) announced 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 Performance

Shares of Serica Energy stock opened at GBX 142 ($1.84) on Thursday. 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’s fifty day moving average price is GBX 134.95 and its 200-day moving average price is GBX 136.60. The firm has a market cap of £699.81 million, a P/E ratio of -97.87, a P/E/G ratio of 2.15 and a beta of 0.44. Serica Energy has a 12 month low of GBX 110.40 ($1.43) and a 12 month high of GBX 210 ($2.73).

Analysts Set New Price Targets

Several analysts have recently commented on SQZ shares. Berenberg Bank restated a “buy” rating and set a GBX 200 ($2.60) price objective on shares of Serica Energy in a research report on Tuesday, February 18th. Canaccord Genuity Group restated a “buy” rating and set a GBX 200 ($2.60) target price 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.