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

Serica Energy plc (LON:SQZ)’s stock price traded 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). 10,925,269 shares were traded during mid-day 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

Several equities research analysts have commented on the stock. Berenberg Bank reaffirmed a “buy” rating and set a GBX 200 ($2.52) price objective on shares of Serica Energy in a report on Tuesday. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 200 ($2.52) price objective on shares of Serica Energy in a report on Thursday, January 23rd.

Serica Energy Stock Performance

The firm has a market capitalization of £629.83 million, a PE 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 current ratio of 1.69 and a quick ratio of 1.22. The company’s fifty day simple moving average is GBX 141.93 and its 200 day simple moving average is GBX 135.65.

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.