Serica Energy (LON:SQZ) Stock Price Down 11.3% – Time to Sell?

Serica Energy plc (LON:SQZ) shares traded down 11.3% on Wednesday . The company traded as low as GBX 121.98 ($1.55) and last traded at GBX 127.80 ($1.62). 10,925,269 shares changed hands during trading, an increase of 537% from the average session volume of 1,715,381 shares. The stock had previously closed at GBX 144 ($1.82).

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Berenberg Bank restated a “buy” rating and set a GBX 200 ($2.53) target price on shares of Serica Energy in a report on Tuesday. Canaccord Genuity Group restated a “buy” rating and set a GBX 200 ($2.53) target price on shares of Serica Energy in a report on Thursday, January 23rd.

Serica Energy Stock Performance

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 stock’s 50-day simple moving average is GBX 141.75 and its 200 day simple moving average is GBX 135.65. The stock has a market capitalization of £657.92 million, a P/E ratio of -92.01, a PEG ratio of 2.15 and a beta of 0.44.

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.