SERICA ENERGY PLC ORD USD0.10
Symbol: SQZ
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Company
Business Summary
Serica Energy plc is a mid-tier independent oil and gas company. The principal activity of the Company and its subsidiaries is to identify, acquire, explore and subsequently exploit oil and gas reserves. Its activities are located in the United Kingdom (UK). The Company owns and operates 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. Its Triton Area consists of eight producing oil fields developed via common infrastructure in the UK Central North Sea, located over 190 kilometers (km) east of Aberdeen. Its Columbus Development is located in the UK Central North Sea and produces from a gas-condensate reservoir in the Forties Sandstone Formation. The Orlando Field is located on license P.1606 (UKCS Block 3/3b), over 11 km east of the Ninian Field. It also operates in Erskine, Mansell and Skerryvore.
Financial Summary
BRIEF: For the six months ended 30 June 2024, Serica Energy Plc revenues increased 9% to $461.6M. Net income decreased 16% to $82.5M. Revenues reflect Crude Oil - Production - Total increase of 45% to 3.2M barrels. Net income was offset by Gain on acquisition decrease from $41.9M (income) to $0K, Unrealised hedging income/(expense) increase from $25.1M (income) to $14.9M (expense).
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 | 1,083.85 | 685.91 | 167.62 | 334.24 |
Gross profit | 223.20 | 306.57 | 792.81 | 516.06 | -3.89 | 114.45 |
Operating Profit/Loss | 186.47 | 321.16 | 635.31 | 328.29 | -24.95 | 116.97 |
Profit Before Tax | 160.50 | 305.62 | 651.28 | 180.24 | 16.74 | 145.11 |
Profit After Tax | 92.43 | 102.98 | 237.20 | 105.79 | 10.38 | 85.41 |
Equity Holders of Parent Company | 92.43 | 102.98 | 237.20 | 105.79 | 10.38 | 85.41 |
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 | 356.08 | 442.78 | 416.46 | 438.99 |
Total Current Assets | 397.66 | 440.53 | 794.42 | 473.31 | 180.50 | 199.16 |
Total Assets | 1,464.75 | 1,238.06 | 1,150.50 | 916.09 | 596.96 | 638.15 |
Total Liabilities | 668.30 | 582.80 | 605.22 | 552.51 | 330.35 | 373.99 |
Total Net Assets | 796.46 | 655.26 | 545.28 | 363.58 | 266.61 | 264.16 |
Shareholders Funds | 796.46 | 655.26 | 545.28 | 363.58 | 266.61 | 264.16 |
Minority Interests | NIL | NIL | NIL | NIL | NIL | NIL |
Total Equity | 796.46 | 655.26 | 545.28 | 363.58 | 266.61 | 264.16 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy2 |
Buy1 |
Neutral0 |
Sell0 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 2 | 1 | 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 | £693.61mn | £780.92mn | £769.82mn |
Pre-tax-Profit | £336.90mn | £389.13mn | £341.38mn |
EPS | £0.46p | £0.47p | £0.12p |
EPS Growth | 25,157.20% | 3.16% | -74.09% |
P/E | 2.48 | 2.71 | 5.28 |
PEG Ratio | 0.00 | 0.86 | -0.07 |
Dividend | 20.95p | 21.58p | 24.20p |
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 |
---|---|---|---|---|
2 May 2025 | 16:29 | 127.2 | 748 | Buy |
2 May 2025 | 16:29 | 126.984 | 1,567 | Buy |
2 May 2025 | 16:29 | 126.6 | 2 | Sell |
2 May 2025 | 16:27 | 126.8667 | 465 | Buy |
2 May 2025 | 16:27 | 127 | 53 | Buy |
2 May 2025 | 16:27 | 127 | 810 | Buy |
2 May 2025 | 16:27 | 127 | 667 | Buy |
2 May 2025 | 16:26 | 126.977 | 784 | Buy |
2 May 2025 | 16:24 | 127.2 | 86 | Buy |
2 May 2025 | 16:23 | 126.9596 | 1,374 | Buy |
2 May 2025 | 16:22 | 126.9776 | 2,255 | Buy |
2 May 2025 | 16:22 | 126.8 | 727 | Sell |
2 May 2025 | 16:22 | 126.8 | 1,619 | Sell |
2 May 2025 | 16:22 | 127 | 2,500 | Sell |
2 May 2025 | 16:20 | 127.2 | 2,500 | Sell |
2 May 2025 | 16:20 | 127.2 | 2,332 | Sell |
2 May 2025 | 16:20 | 127.2 | 1,549 | Sell |
2 May 2025 | 16:20 | 127 | 469 | Sell |
2 May 2025 | 16:20 | 127 | 38 | Buy |
2 May 2025 | 16:20 | 127 | 616 | Buy |
Selected data supplied by Thomson Reuters © View restrictions.