Serica Energy (LON:SQZ) Trading Down 12.5% – Should You Sell?

Serica Energy plc (LON:SQZ)’s share price traded down 12.5% during mid-day 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 mid-day 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 Analyst Weigh In

Several equities research analysts have commented on the company. Berenberg Bank restated a “buy” rating and issued a GBX 200 ($2.52) target price on shares of Serica Energy in a research note on Tuesday. Canaccord Genuity Group reissued 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 Up 0.2 %

The firm has a market cap of £646.83 million, a price-to-earnings ratio of -90.46, a P/E/G ratio of 2.15 and a beta of 0.44. The company has a debt-to-equity ratio of 26.31, a current ratio of 1.69 and a quick ratio of 1.22. The business has a 50-day moving average of GBX 141.90 and a 200-day moving average of GBX 135.60.

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.