Serica Energy (LON:SQZ) Trading Down 12% – What’s Next?

Serica Energy plc (LON:SQZ) fell 12% on Tuesday . The company traded as low as GBX 121.98 ($1.54) and last traded at GBX 126.75 ($1.60). 23,115,873 shares were traded during mid-day trading, an increase of 1,015% from the average session volume of 2,073,928 shares. The stock had previously closed at GBX 144 ($1.82).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 200 ($2.52) price objective on shares of Serica Energy in a research note on Thursday, January 23rd.

Serica Energy Stock Down 12.0 %

The company has a market capitalization of £624.65 million, a PE ratio of -87.35, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44. The company has a quick ratio of 1.22, a current ratio of 1.69 and a debt-to-equity ratio of 26.31. The firm has a 50-day moving average of GBX 141.93 and a two-hundred day moving average of GBX 135.65.

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.