Serica Energy (LON:SQZ) Shares Down 11.3% – Should You Sell?

Serica Energy plc (LON:SQZ) traded down 11.3% on Tuesday . The stock traded as low as GBX 121.98 ($1.55) and last traded at GBX 127.80 ($1.62). 10,925,269 shares traded 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 brokerages have recently commented on SQZ. Berenberg Bank reiterated a “buy” rating and set a GBX 200 ($2.53) price target on shares of Serica Energy in a report on Tuesday. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 200 ($2.53) target price on shares of Serica Energy in a research note on Thursday, January 23rd.

Serica Energy Stock Down 0.3 %

The firm has a 50 day moving average of GBX 141.75 and a 200-day moving average of GBX 135.65. 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 has a market capitalization of £643.63 million, a P/E 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.