Serica Energy (LON:SQZ) Trading Down 11.3% – Time to Sell?

Shares of Serica Energy plc (LON:SQZ) were down 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 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 have recently weighed in 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 research report on Tuesday. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 200 ($2.52) price objective on shares of Serica Energy in a research report on Thursday, January 23rd.

Serica Energy Trading Down 11.3 %

The stock has a market capitalization of £629.83 million, a P/E ratio of -88.08, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44. 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 stock has a 50-day moving average price of GBX 141.93 and a two-hundred 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.