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Serica Energy ( (GB:SQZ) ) has shared an announcement.
Serica Energy has announced the resumption of production operations at the Triton FPSO following the completion of repairs and scheduled maintenance. The company expects production to ramp up and stabilize in July, with potential increases from two new wells. The maintenance included significant repairs and upgrades, which are anticipated to enhance the operational performance of the Triton FPSO, with no further planned outages for 2025.
The most recent analyst rating on (GB:SQZ) stock is a Buy with a £185.00 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 Outperform.
The overall score reflects strong corporate events and valuation metrics, despite financial performance challenges. Technical indicators show strong momentum but caution due to overbought signals.
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. It holds a balance of gas and oil production and is responsible for about 5% of the natural gas produced in the UK, playing a significant role in the UK’s energy transition. Serica’s operations are centered around the Bruce, Keith, and Rhum fields in the UK Northern North Sea, and it has interests in various other fields tied to the Triton FPSO.
Average Trading Volume: 1,705,390
Technical Sentiment Signal: Buy
Current Market Cap: £599M
Find detailed analytics on SQZ stock on TipRanks’ Stock Analysis page.