Serica Energy (LON:SQZ) Stock Price Down 11.3% – Should You Sell?

Serica Energy plc (LON:SQZ) fell 11.3% during 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 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).

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SQZ. Canaccord Genuity Group restated a “buy” rating and issued a GBX 200 ($2.52) price target on shares of Serica Energy in a report 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 report on Tuesday.

Serica Energy Stock Performance

The company has a market capitalization of £629.83 million, a price-to-earnings ratio of -88.08, a PEG ratio of 2.15 and a beta of 0.44. The stock has a 50-day moving average price of GBX 141.93 and a 200-day moving average price of GBX 135.65. The company has a debt-to-equity ratio of 26.31, a current ratio of 1.69 and a quick ratio of 1.22.

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.