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flag Serica Energy's shares dropped after reporting negative quarterly earnings, though it retains a "buy" rating.

flag Serica Energy, a UK oil and gas company, reported a quarterly earnings per share of GBX 0.24, with negative net margins and return on equity. flag The company's shares fell to GBX 135.60, down GBX 14.40, on Thursday. flag Serica Energy holds interests in several UK oil and gas fields and has received a "buy" rating from two financial institutions with a target price of GBX 200.

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