Serica Energy (LON:SQZ) Receives Buy Rating from Canaccord Genuity Group

Serica Energy (LON:SQZ)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity Group in a research report issued to clients and investors on Thursday,Digital Look reports. They presently have a GBX 200 ($2.46) price objective on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 35.59% from the company’s current price.

Serica Energy Stock Down 2.3 %

Serica Energy stock opened at GBX 147.50 ($1.82) on Thursday. The company’s 50-day moving average price is GBX 137.36 and its two-hundred day moving average price is GBX 134.48. The stock has a market cap of £575.88 million, a price-to-earnings ratio of 776.32, a PEG ratio of 2.15 and a beta of 0.44. Serica Energy has a 52 week low of GBX 110.40 ($1.36) and a 52 week high of GBX 222.20 ($2.74). The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31.

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.