Serica Energy (LON:SQZ) Releases Quarterly Earnings Results

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

Serica Energy Stock Up 7.9 %

LON:SQZ 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 company has a market capitalization of £712.72 million, a price-to-earnings ratio of -99.67, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44. Serica Energy has a one year low of GBX 110.40 ($1.43) and a one year high of GBX 210 ($2.71). The stock has a 50-day simple moving average of GBX 135.21 and a 200 day simple moving average of GBX 136.29.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SQZ shares. Canaccord Genuity Group restated a “buy” rating and set a GBX 200 ($2.58) price objective on shares of Serica Energy in a report on Thursday, January 23rd. Berenberg Bank reissued a “buy” rating and set a GBX 200 ($2.58) price target on shares of Serica Energy in a research report on Tuesday, February 18th.

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.