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

Serica Energy plc (LON:SQZ) fell 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). 10,925,269 shares were traded 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 Ratings Changes

Several brokerages have recently commented on SQZ. Canaccord Genuity Group reissued a “buy” rating and set a GBX 200 ($2.52) price objective on shares of Serica Energy in a report on Thursday, January 23rd. Berenberg Bank reissued 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 stock 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 market cap of £629.83 million, a P/E ratio of -88.08, a P/E/G ratio of 2.15 and a beta of 0.44. The company has a debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69.

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.