Serica Energy (LON:SQZ) Trading Down 11.1% – Here’s What Happened

Serica Energy plc (LON:SQZ)’s stock price was down 11.1% on Tuesday . The stock traded as low as GBX 126 ($1.59) and last traded at GBX 128 ($1.61). Approximately 16,470,336 shares were traded during mid-day trading, an increase of 777% from the average daily volume of 1,878,471 shares. The stock had previously closed at GBX 144 ($1.81).

Analyst Ratings Changes

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

Serica Energy Trading Up 0.2 %

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 firm has a market cap of £646.68 million, a P/E ratio of -90.44, a P/E/G ratio of 2.15 and a beta of 0.44. The stock has a 50 day simple moving average of GBX 141.90 and a 200-day simple moving average of GBX 135.60.

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.