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

Serica Energy plc (LON:SQZ)’s stock price fell 11.3% 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 traded 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).

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SQZ. 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. Berenberg Bank restated a “buy” rating and set a GBX 200 ($2.52) target price on shares of Serica Energy in a report on Tuesday.

Serica Energy Price Performance

The company has a debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69. The firm 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. The company’s fifty day moving average is GBX 141.93 and its two-hundred day 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.