Serica Energy (LON:SQZ) Shares Down 14.2% – Should You Sell?

Serica Energy plc (LON:SQZ)’s share price traded down 14.2% on Tuesday . The stock traded as low as GBX 122.90 ($1.55) and last traded at GBX 123.60 ($1.56). 19,982,543 shares traded hands during mid-day trading, an increase of 908% from the average session volume of 1,981,771 shares. The stock had previously closed at GBX 144 ($1.81).

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SQZ. Berenberg Bank reaffirmed a “buy” rating and set a GBX 200 ($2.52) target price on shares of Serica Energy in a report on Tuesday. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 200 ($2.52) target price on shares of Serica Energy in a report on Thursday, January 23rd.

Serica Energy Trading Up 0.2 %

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