SERICA ENERGY PLC ORD USD0.10
Symbol: SQZ
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Company
Business Summary
Serica Energy plc is a United Kingdom-based independent upstream oil and gas company with operations in the United Kingdom North Sea. The principal activity of the Company and its subsidiaries is to identify, acquire and subsequently exploit oil and gas reserves. Its asset portfolio includes Bruce, Keith, Rhum; Triton Area; Columbus; Orlando; Erskine; Greater Buchan Area (GBA); Mansell; Skerryvore; and Fynn Beauly. It is the owner and operator of the Bruce (98%), Keith (100%) and Rhum (50%) assets consisting of over 25 wells, three bridge-linked platforms and extensive subsea pipelines and infrastructure that tie-in Rhum, Keith and the Western Area of Bruce to the Bruce facilities. The Triton Area consists of eight producing oil fields developed via common infrastructure in the United Kingdom Central North Sea. The Skerryvore prospect lies in the Central North Sea, 60km south of the Erskine field. Columbus Development is located in the United Kingdom Central North Sea.
Financial Summary
BRIEF: For the fiscal year ended 31 December 2024, Serica Energy Plc revenues decreased 8% to $727.2M. Net income decreased 28% to $92.4M. Revenues reflect Gas sales decrease of 13% to $374.7M, Oil sales decrease of 4% to $317.5M. Net income also reflects Oil and gas exploratio, development and production segment income decrease of 53% to $186.5M, United Kingdom segment income decrease of 53% to $186.5M.
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2024 |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
---|---|---|---|---|---|---|
Total Revenue | 727.18 | 632.64 | 1,103.67 | 698.45 | 170.68 | 340.35 |
Gross profit | 223.20 | 306.57 | 807.31 | 525.50 | -3.97 | 116.54 |
Operating Profit/Loss | 186.47 | 321.16 | 646.93 | 334.30 | -25.41 | 119.11 |
Profit Before Tax | 160.50 | 305.62 | 663.19 | 183.54 | 17.05 | 147.76 |
Profit After Tax | 92.43 | 102.98 | 241.53 | 107.72 | 10.57 | 86.97 |
Equity Holders of Parent Company | 92.43 | 102.98 | 241.53 | 107.72 | 10.57 | 86.97 |
Minority Interest | NIL | NIL | NIL | NIL | NIL | NIL |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2024 |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 1,067.09 | 797.54 | 362.59 | 450.87 | 424.08 | 447.02 |
Total Current Assets | 397.66 | 440.53 | 808.95 | 481.96 | 183.80 | 202.80 |
Total Assets | 1,464.75 | 1,238.06 | 1,171.54 | 932.84 | 607.88 | 649.82 |
Total Liabilities | 668.30 | 582.80 | 616.29 | 562.61 | 336.39 | 380.82 |
Total Net Assets | 796.46 | 655.26 | 555.25 | 370.23 | 271.49 | 269.00 |
Shareholders Funds | 796.46 | 655.26 | 555.25 | 370.23 | 271.49 | 269.00 |
Minority Interests | NIL | NIL | NIL | NIL | NIL | NIL |
Total Equity | 796.46 | 655.26 | 555.25 | 370.23 | 271.49 | 269.00 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy4 |
Buy2 |
Neutral0 |
Sell0 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 4 | 2 | 0 | 0 | 0 |
Consensus |
ConsensusStrong Buy |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2025 | 2026 | 2027 |
---|---|---|---|
Revenue | £686.21mn | £783.37mn | £691.12mn |
Pre-tax-Profit | £288.04mn | £346.17mn | £254.85mn |
EPS | £0.25p | £0.29p | £0.05p |
EPS Growth | 13,969.90% | 15.63% | -81.79% |
P/E | 5.96 | 4.06 | 12.2 |
PEG Ratio | 0.00 | 0.26 | -0.15 |
Dividend | 18.47p | 18.83p | 20.35p |
Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
18th Feb 2025 | Berenberg Bank | Reiteration | 128p | 0p | 200p | Buy |
23rd Jan 2025 | Canaccord Genuity | Reiteration | 145p | 0p | 200p | Buy |
21st May 2024 | Jefferies | Reiteration | 188p | 0p | 225p | Buy |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
17 Jul 2025 | 16:28 | 163.6 | 1 | Buy |
17 Jul 2025 | 16:27 | 163.6 | 758 | Buy |
17 Jul 2025 | 16:21 | 163.4 | 664 | Buy |
17 Jul 2025 | 16:20 | 163.4 | 516 | Buy |
17 Jul 2025 | 16:20 | 163.4 | 490 | Buy |
17 Jul 2025 | 16:20 | 163.4 | 143 | Buy |
17 Jul 2025 | 16:20 | 163.2 | 125 | Sell |
17 Jul 2025 | 16:20 | 163.4 | 258 | Buy |
17 Jul 2025 | 16:20 | 163.4 | 125 | Buy |
17 Jul 2025 | 16:20 | 163.4 | 69 | Buy |
17 Jul 2025 | 16:20 | 163.2 | 133 | Sell |
17 Jul 2025 | 16:20 | 163.2 | 125 | Sell |
17 Jul 2025 | 16:20 | 163.4 | 1,852 | Buy |
17 Jul 2025 | 16:20 | 163.2 | 702 | Sell |
17 Jul 2025 | 16:20 | 163.2 | 4,188 | Sell |
17 Jul 2025 | 16:20 | 163.2 | 601 | Sell |
17 Jul 2025 | 16:20 | 163.2 | 483 | Sell |
17 Jul 2025 | 16:20 | 163.2 | 2,668 | Sell |
17 Jul 2025 | 16:20 | 163.2 | 917 | Sell |
17 Jul 2025 | 16:20 | 163.2 | 3,000 | Buy |
Selected data supplied by Thomson Reuters © View restrictions.