Serica Energy (LON:SQZ) Announces Quarterly Earnings Results

Serica Energy (LON:SQZ) released its quarterly earnings data 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 return on equity of 1.09% and a negative net margin of 1.09%.

Serica Energy Trading Up 7.9 %

Shares of Serica Energy stock opened at GBX 144.62 ($1.87) on Tuesday. 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 firm has a 50-day moving average of GBX 135.21 and a 200-day moving average of GBX 136.29. Serica Energy has a 52-week low of GBX 110.40 ($1.43) and a 52-week high of GBX 210 ($2.71). The stock has a market cap of £712.72 million, a PE ratio of -99.67, a PEG ratio of 2.15 and a beta of 0.44.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Berenberg Bank restated a “buy” rating and issued a GBX 200 ($2.58) price target on shares of Serica Energy in a research note on Tuesday, February 18th. Canaccord Genuity Group restated a “buy” rating and set a GBX 200 ($2.58) target price on shares of Serica Energy in a research note on Thursday, January 23rd.

About Serica Energy

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.