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

Serica Energy plc (LON:SQZ)’s stock price traded down 11.3% during trading 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 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 analysts have commented on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 200 ($2.52) price objective on shares of Serica Energy in a report on Thursday, January 23rd. 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.

Serica Energy Price Performance

The stock has a market cap of £629.83 million, a P/E ratio of -88.08, a PEG ratio of 2.15 and a beta of 0.44. The business’s fifty day moving average price is GBX 141.93 and its 200 day moving average price is 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.