Serica Energy, the Energy sector company, was revisited by a Wall Street analyst today. Analyst Chris Wheaton from Stifel Nicolaus maintained a Buy rating on the stock and has a p281.00 price target.
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Chris Wheaton has given his Buy rating due to a combination of factors, most notably Serica’s strong leverage to higher oil and gas prices and its robust free cash flow outlook. Even after only modest tweaks to forecasts following the FY25 results, he still expects substantial cash generation in 2026–27 that equates to a large share of the current market valuation, supporting an attractive risk‑reward profile.
He also highlights that a potential reform of the U.K. “Windfall” tax could unlock meaningful value from the Buchan and Glendronach developments, adding notable upside to the shares while delivering significant investment and tax receipts to the U.K. economy. Reflecting these dynamics, he lifts his risked NAV estimate from 266p to 281p per share, aligns the target price with this higher valuation, and therefore reiterates his Buy recommendation on Serica Energy.
According to TipRanks, Wheaton is ranked #3103 out of 12068 analysts.
In another report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a p310.00 price target.