Serica Energy (LON:SQZ) Announces Earnings Results

Serica Energy (LON:SQZ) issued its quarterly earnings results 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 Stock Performance

LON SQZ opened at GBX 144.62 ($1.87) on Tuesday. The firm has a market capitalization of £712.72 million, a P/E ratio of -99.67, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44. 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 firm’s fifty day moving average price is GBX 135.21 and its two-hundred day moving average price is GBX 136.29. Serica Energy has a 1 year low of GBX 110.40 ($1.43) and a 1 year high of GBX 210 ($2.71).

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SQZ. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 200 ($2.58) target price on shares of Serica Energy in a research report on Tuesday, February 18th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 200 ($2.58) 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.