Serica Energy (LON:SQZ) Issues Quarterly Earnings Results

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

Serica Energy Stock Performance

Serica Energy stock opened at GBX 142 ($1.84) on Thursday. 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’s fifty day moving average price is GBX 134.95 and its 200-day moving average price is GBX 136.60. Serica Energy has a fifty-two week low of GBX 110.40 ($1.43) and a fifty-two week high of GBX 210 ($2.73). The stock has a market cap of £699.81 million, a P/E ratio of -97.87, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44.

Analyst Ratings Changes

SQZ has been the subject of several recent research reports. Berenberg Bank reissued a “buy” rating and issued a GBX 200 ($2.60) price target on shares of Serica Energy in a research note on Tuesday, February 18th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 200 ($2.60) price target 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.