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Share Price Information for Serica Energy (SQZ)

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Share Price: 147.30
Bid: 146.80
Ask: 147.80
Change: 2.70 (1.87%)
Spread: 1.00 (0.681%)
Open: 145.80
High: 148.40
Low: 140.00
Prev. Close: 144.60
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Sunday shares tips: Serica Energy, Greene King, CMC Markets

Sun, 06th Jan 2019 14:41

(Sharecast News) - In this Sunday's round-up of newspaper share tips, there was Serica Energy in the Sunday Times, Greene King in the Mail on Sunday and CMC Markets in the Sunday Telegraph.Serica Energy, the AIM-listed oil and gas producer, was tipped as a 'buy' in the Sunday Times' Inside the City column. In late November, a year after first agreeing the deal, the company tied up a tricky deal to buy stakes in the Bruce, Keith and Rhum fields in the UK North Sea from BP, Total and BHP. Instantly becoming one of the largest mid-tier exploration and production companies in the region in a deal that constituted a reverse takeover under AIM rules, Serica acquired operating rights on the three fields, with a 98% interest in Bruce, a 100% interest in Keith and a 50% interest in Rhum.Bringing these fields into the group means Serica is producing around 26,000 barrels per day, more than FTSE 250-listed Cairn Energy. The North Sea portfolio is over 85% weighted towards natural gas. Annual profits are forecast to jump from a predicted $9m in 2018 to $175m for 2019, according to broker Peel Hunt, as revenues rise from $41m to close to $400m.Elsewhere in the portfolio there are exploration and development interests in the Rowallan, Columbus, Skerryvore and Ruval fields of the North Sea, plus an existing 18% non-operated interest in the Erskine field. Drilling has begun at Rowallan, while the 50% operated interest in the Columbus field is scheduled to start development in 2019 and expected to begin producing from 2021.Shares in Greene King were tipped as a tasty investment tipple by Midas in the Mail on Sunday, saying buying now gave access to an "undervalued" stock paying a 6% dividend.As well as brewing the likes of Abbot Ale and Greene King IPA, the company is the UK's largest managed pubs operator, with its chains including English Inns, Loch Fyne eateries, family pubs under the Hungry Horse and Wacky Warehouse brands, and the Spirit portfolio of pubs under the Chef & Brewer and Taylor Walker brands.First-half results in early December showed a 2.7% increase in like-for-like sales in the pub company, which was well ahead of rivals such as Marston's and EI. Progress was also made on boss Rooney Anand's priorities of improving underlying sales growth and efficiency and refinancing the debt taken on from the Spirit acquisition in 2015.Anand steps from behind the bar in April, with analysts at Liberum suggesting that the announcement of a successor could be a "positive catalyst" for sentiment towards the stock that will draw the line under a period of acquisitions.Questor in the Sunday Telegraph said CMC Markets "could be a doubled in a year or two". With spread-betting firms tending to do well when markets are volatile, CMC's shares "look cheap".
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27 Apr 2022 17:50

IN BRIEF: BP subsidiary intends to sell shares in Serica Energy

Serica Energy PLC - gas producer in UK North Sea - BP Exploration Operating Co Ltd intends to sell up to 13.5 million shares in Serica, reflecting a 5.0% interest in the company.

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21 Apr 2022 22:07

TRADING UPDATES: essensys loss widens; Fidelity Asian outperforms

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and Wednesday not separately reported by Alliance News:

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21 Apr 2022 12:01

Serica Energy swings to profit, lowers production outlook

(Sharecast News) - Serica Energy reported group gross profit of £386.8m in its full-year results on Thursday, swinging from a loss of £2.9m year-on-year, while it narrowed and reduced its production outlook for 2022.

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14 Apr 2022 16:00

UK earnings, trading statements calendar - next 7 days

Friday 15 April 
no events scheduled 
Monday 18 April 
no events scheduled 
Tuesday 19 April  
JTC PLCFull Year Results
Kainos Group PLCTrading Statement
Rio Tinto PLCQ1 Production Results
Wednesday 20 April  
Bunzl PLCTrading Statement
Carr's Group PLCHalf Year Results
Centamin PLCTrading Statement
Hunting PLCTrading Statement
IntegraFin Holdings PLCTrading Statement
John Wood Group PLCFull Year Results
Quilter PLCTrading Statement
Oxford Biomedica PLCFull Year Results
Petra Diamonds LtdTrading Statement
Thursday 21 April 
AJ Bell PLCTrading Statement
Anglo American PLCTrading Statement
Antofagasta PLCTrading Statement
Bonhill Group PLCFull Year Results
Churchill China PLCFull Year Results
DP Poland PLCTrading Statement
essensys PLCHalf Year Results
Foxtons Group PLCTrading Statement
Gem Diamonds LtdTrading Statement
LBG Media PLCFull Year Results
Man Group PLCTrading Statement
PensionBee Group PLCQ1 Results
Relx PLCTrading Statement
Rentokil Initial PLCTrading Statement
Serica Energy PLCFull Year Results
XPS Pensions Group PLCTrading Statement
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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7 Apr 2022 09:49

LONDON BROKER RATINGS: Jefferies cuts TI Fluid, PageGroup, Energean

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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17 Mar 2022 19:43

TRADING UPDATES: 4Global to top forecasts; Nanoco wins deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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17 Mar 2022 11:42

Serica restarts production at Rhum after underwater fault

(Sharecast News) - North Sea-focussed upstream oil and gas company Serica Energy confirmed on Thursday that production had restarted from the Rhum field.

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4 Mar 2022 20:53

TRADING UPDATES: IOG to cut Gazprom ties; wholesale changes at Donegal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News:

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1 Mar 2022 09:37

LONDON BROKER RATINGS: JPMorgan upgrades Mondi and ITM Power

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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21 Jan 2022 09:38

LONDON BROKER RATINGS: Berenberg ups Rentokil; Citi cuts Computacenter

LONDON BROKER RATINGS: Berenberg ups Rentokil; Citi cuts Computacenter

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20 Jan 2022 20:48

TRADING UPDATES: Wincanton to top forecasts; Kier sees results in-line

TRADING UPDATES: Wincanton to top forecasts; Kier sees results in-line

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10 Dec 2021 21:48

TRADING UPDATES: Robinson warns on sales volumes; Wandisco wins deal

TRADING UPDATES: Robinson warns on sales volumes; Wandisco wins deal

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9 Dec 2021 12:47

Serica Energy upbeat on progress in North Sea

(Sharecast News) - UK North Sea-focussed oil and gas company Serica Energy updated the market on its operations on Thursday, reporting that at Columbus, hydrocarbons from the C1z development well started flowing into the Arran subsea system on 24 November.

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25 Nov 2021 14:49

TRADING UPDATES: MySale scraps ASX float; Serica produces Columbus oil

TRADING UPDATES: MySale scraps ASX float; Serica produces Columbus oil

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25 Nov 2021 10:14

Serica Energy achieves first production at Columbus field

(Sharecast News) - North Sea-focussed upstream oil and gas company Serica Energy updated the market on its Columbus field in the Central North Sea on Thursday, announcing that first production had been achieved.

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