Serica Energy (LON:SQZ) Shares Down 14.2% – What’s Next?

Serica Energy plc (LON:SQZ) shares dropped 14.2% on Tuesday . The company traded as low as GBX 122.90 ($1.55) and last traded at GBX 123.60 ($1.56). Approximately 19,982,543 shares traded hands during trading, an increase of 908% from the average daily volume of 1,981,771 shares. The stock had previously closed at GBX 144 ($1.82).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 200 ($2.52) price target on shares of Serica Energy in a research report on Thursday, January 23rd.

Serica Energy Stock Down 14.1 %

The company has a quick ratio of 1.22, a current ratio of 1.69 and a debt-to-equity ratio of 26.31. The stock has a market cap of £609.62 million, a price-to-earnings ratio of -85.25, a PEG ratio of 2.15 and a beta of 0.44. The business’s fifty day moving average is GBX 141.93 and its two-hundred day moving average is GBX 135.65.

About Serica Energy

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.