Serica Energy (LON:SQZ) Shares Down 12.5% – What’s Next?

Serica Energy plc (LON:SQZ)’s stock price traded down 12.5% during trading on Tuesday . The company traded as low as GBX 125.20 ($1.58) and last traded at GBX 126.03 ($1.59). 18,102,219 shares changed hands during trading, an increase of 840% from the average session volume of 1,926,468 shares. The stock had previously closed at GBX 144 ($1.81).

Wall Street Analysts Forecast Growth

SQZ has been the topic of a number of recent analyst reports. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 200 ($2.52) price target on shares of Serica Energy in a report on Thursday, January 23rd. Berenberg Bank reissued a “buy” rating and issued a GBX 200 ($2.52) target price on shares of Serica Energy in a research note on Tuesday.

Serica Energy Stock Performance

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 business’s 50-day moving average is GBX 141.90 and its 200-day moving average is GBX 135.60. The company has a market capitalization of £646.68 million, a PE ratio of -90.44, a PEG ratio of 2.15 and a beta of 0.44.

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.