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

Shares of Serica Energy plc (LON:SQZ) dropped 11.3% 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 traded hands during 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 Analysts Forecast Growth

SQZ has been the subject of a number of recent analyst reports. Canaccord Genuity Group reaffirmed 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 reaffirmed a “buy” rating and set a GBX 200 ($2.52) target price on shares of Serica Energy in a report on Tuesday.

Serica Energy Stock 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 company has a market cap of £629.83 million, a PE ratio of -88.08, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44. The company has a fifty day moving average price of GBX 141.93 and a 200 day moving average price 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.