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Serica Energy ( (GB:SQZ) ) has shared an update.
Serica Energy has announced the first lifting of oil from the Triton FPSO following the resumption of production. Production is ramping up as planned, with several wells being brought online, and Triton Hub production averaging 20,000 boepd net to Serica. The company maintains its production guidance for the year at 33,000 to 35,000 boepd, despite the annual maintenance period at the Bruce Hub.
The most recent analyst rating on (GB:SQZ) stock is a Buy with a £2.15 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 positive technical indicators, tempered by valuation concerns and operational challenges. The company’s strong financial management and strategic initiatives provide a positive outlook, but political uncertainties and inconsistent revenue growth remain risks.
To see Spark’s full report on GB:SQZ stock, click here.
More about Serica Energy
Serica Energy is a British independent oil and gas exploration and production company with a portfolio of UK Continental Shelf (UKCS) assets. The company is responsible for about 5% of the natural gas produced in the UK, playing a key role in the country’s energy transition. Serica’s operations are centered around two main hubs: the Bruce, Keith, and Rhum fields in the UK Northern North Sea, and a mix of operated and non-operated fields tied back to the Triton FPSO.
Average Trading Volume: 1,628,195
Technical Sentiment Signal: Strong Buy
Current Market Cap: £651.6M
See more insights into SQZ stock on TipRanks’ Stock Analysis page.