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

Serica Energy plc (LON:SQZ) shares dropped 11.3% during trading on Tuesday . The stock 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 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).

Analysts Set New Price Targets

A number of equities analysts have issued reports on SQZ shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 200 ($2.52) price objective on shares of Serica Energy in a research note on Thursday, January 23rd. Berenberg Bank restated a “buy” rating and set a GBX 200 ($2.52) price objective on shares of Serica Energy in a report on Tuesday.

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 50 day simple moving average is GBX 141.93 and its 200-day simple moving average is GBX 135.65. The stock has a market capitalization 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.