Serica Energy (LON:SQZ) Stock Price Down 11.3% – What’s Next?

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Canaccord Genuity Group reiterated a “buy” rating and set 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 issued a GBX 200 ($2.52) price target on shares of Serica Energy in a research note on Tuesday.

Serica Energy Trading Down 11.3 %

The business has a 50 day moving average of GBX 141.93 and a two-hundred day moving average of GBX 135.65. 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 has a market cap of £629.83 million, a P/E ratio of -88.08, a PEG ratio of 2.15 and a beta of 0.44.

About Serica Energy

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.