Serica Energy (LON:SQZ) Releases Earnings Results

Serica Energy (LON:SQZ) issued its quarterly earnings data on Tuesday. The company reported GBX 0.24 ($0.00) earnings per share 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 Trading Down 1.9 %

Shares of SQZ stock opened at GBX 147.11 ($1.91) on Thursday. 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 50-day simple moving average of GBX 134.95 and a two-hundred day simple moving average of GBX 136.60. The company has a debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69. The company has a market capitalization of £725.00 million, a price-to-earnings ratio of -101.39, a PEG ratio of 2.15 and a beta of 0.44.

Analysts Set New Price Targets

Several research firms have recently weighed in on SQZ. Berenberg Bank reiterated a “buy” rating and issued a GBX 200 ($2.60) price objective on shares of Serica Energy in a research note on Tuesday, February 18th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 200 ($2.60) target price on shares of Serica Energy in a 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.