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Serica Energy ( (GB:SQZ) ) has provided an update.
Serica Energy has completed the acquisition of Prax Upstream Limited (PUL) for £14.5 million, adding the Lancaster field’s production to its portfolio. The Lancaster field is expected to cease production by mid-2026. The acquisition includes a cash balance of $34 million, with $12 million reserved for FPSO demobilization commitments. Serica is also set to finalize acquisitions from TotalEnergies and ONE-Dyas in the first half of 2026. Additionally, Serica has completed a farm-in for a 40% interest in the P2530 Licence, which includes the Wagtail oil discovery and other exploration prospects. The integration of PUL’s employees, including Alessandro Agostini, into Serica’s team is expected to enhance the company’s capabilities in managing non-operated assets.
The most recent analyst rating on (GB:SQZ) stock is a Hold with a £183.00 price target. To see the full list of analyst forecasts on Serica Energy stock, see the GB:SQZ Stock Forecast page.
Spark’s Take on GB:SQZ Stock
According to Spark, TipRanks’ AI Analyst, GB:SQZ is a Neutral.
Serica Energy’s overall score reflects a stable financial position and strategic growth initiatives. However, technical indicators suggest bearish momentum, and valuation concerns persist due to a negative P/E ratio. The company’s strong liquidity and dividend yield provide some support, but operational challenges and regulatory uncertainties remain significant risks.
To see Spark’s full report on GB:SQZ stock, click here.
More about Serica Energy
Serica Energy is an independent British oil and gas company with a diverse portfolio of assets on the UK Continental Shelf. The company is responsible for approximately 5% of the UK’s natural gas, contributing significantly to the country’s energy transition. Serica has invested over £1 billion in the UK supply chain since 2020 and maintains a balanced output of oil and gas across its operations. The company’s key producing assets are centered around the Bruce, Keith, and Rhum fields in the Northern North Sea and a mix of operated and non-operated fields connected to the Triton FPSO in the Central North Sea. Serica’s shares are traded on the AIM market of the London Stock Exchange.
Average Trading Volume: 2,251,903
Technical Sentiment Signal: Buy
Current Market Cap: £680.7M
For detailed information about SQZ stock, go to TipRanks’ Stock Analysis page.