Serica Energy (LON:SQZ) Stock Price Down 11.3% – Time to Sell?

Shares of Serica Energy plc (LON:SQZ) were down 11.3% on Tuesday . The company traded as low as GBX 121.98 ($1.54) and last traded at GBX 127.80 ($1.61). Approximately 10,925,269 shares changed hands during mid-day trading, an increase of 537% from the average daily volume of 1,715,381 shares. The stock had previously closed at GBX 144 ($1.82).

Analyst Ratings Changes

SQZ has been the topic of several recent research reports. Berenberg Bank restated a “buy” rating and issued a GBX 200 ($2.52) price target on shares of Serica Energy in a research report on Tuesday. Canaccord Genuity Group restated a “buy” rating and set a GBX 200 ($2.52) target price on shares of Serica Energy in a report on Thursday, January 23rd.

Serica Energy Stock Down 11.3 %

The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31. The firm’s fifty day moving average price is GBX 141.93 and its 200-day moving average price is GBX 135.65. The company has a market cap of £629.83 million, a price-to-earnings ratio of -88.08, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44.

Serica Energy Company Profile

Serica Energy plc, an upstream oil and gas company, identifies, acquires, explores, exploits, and produces oil and gas reserves in the United Kingdom. The company holds 100% interest in the Keith oil field; 98% interest in the Bruce field; and 50% interest in the Rhum gas field located in the Northern North Sea, as well as 18% non-operating interest in the Erskine field located in Central North Sea.