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

Serica Energy plc (LON:SQZ) was down 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). Approximately 10,925,269 shares changed hands during mid-day trading, an increase of 537% from the average daily volume of 1,715,381 shares. The stock had previously closed at GBX 144 ($1.82).

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SQZ shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 200 ($2.52) price objective on shares of Serica Energy in a report on Tuesday. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 200 ($2.52) target price on shares of Serica Energy in a research note on Thursday, January 23rd.

Serica Energy Trading Down 11.3 %

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 stock 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 business has a 50 day simple moving average of GBX 141.93 and a 200-day simple moving average of 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.