Serica Energy (LON:SQZ) Stock Price Down 10.4% – Time to Sell?

Shares of Serica Energy plc (LON:SQZ) traded down 10.4% during trading on Tuesday . The company traded as low as GBX 121.98 ($1.55) and last traded at GBX 129.10 ($1.64). 23,878,297 shares traded hands during mid-day trading, an increase of 1,039% from the average session volume of 2,096,352 shares. The stock had previously closed at GBX 144 ($1.82).

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SQZ. Berenberg Bank reissued a “buy” rating and issued a GBX 200 ($2.53) target price on shares of Serica Energy in a research note on Tuesday. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 200 ($2.53) price objective on shares of Serica Energy in a research report on Thursday, January 23rd.

Serica Energy Stock Down 0.3 %

The firm’s fifty day simple moving average is GBX 141.75 and its two-hundred day simple moving average is GBX 135.65. The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31. The company has a market capitalization of £643.63 million, a price-to-earnings ratio of -90.01, a price-to-earnings-growth 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.