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The latest announcement is out from Serica Energy ( (GB:SQZ) ).
Serica Energy has announced the acquisition of Prax Upstream Limited, which includes a 100% interest in the Lancaster field and various stakes in other North Sea assets. This acquisition, valued at $25.6 million, is expected to diversify Serica’s portfolio, increase reserves, and enhance cash flow. The deal positions Serica as a significant operator in the West of Shetland basin, with new opportunities for production and growth. The acquisition is anticipated to be completed by the end of 2025, with further financial benefits expected in 2026, including substantial free cash flow and low decommissioning liabilities.
The most recent analyst rating on (GB:SQZ) stock is a Hold with a £160.00 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 Neutral.
Serica Energy’s overall stock score reflects a stable financial position with strong liquidity and strategic plans for future growth. However, the company faces challenges with inconsistent revenue growth, negative earnings, and short-term bearish technical indicators. The positive outlook for 2026 and strong dividend yield provide some optimism.
To see Spark’s full report on GB:SQZ stock, click here.
More about Serica Energy
Serica Energy plc is a company operating in the oil and gas industry, primarily focused on exploration and production activities in the UK North Sea. The company is known for its strategic acquisitions and management of offshore assets, aiming to enhance its production capabilities and resource base.
Average Trading Volume: 1,592,107
Technical Sentiment Signal: Strong Buy
Current Market Cap: £679.9M
See more insights into SQZ stock on TipRanks’ Stock Analysis page.