Serica Energy (LON:SQZ) Shares Down 11.3% - Time to Sell?

Serica Energy plc (LON:SQZ - Get Free Report)'s share price traded down 11.3% during mid-day trading on Wednesday . The stock traded as low as GBX 121.98 ($1.54) and last traded at GBX 127.80 ($1.61). 10,925,269 shares were traded 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).

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 200 ($2.53) price objective on shares of Serica Energy in a research note on Thursday, January 23rd. Berenberg Bank reiterated a "buy" rating and set a GBX 200 ($2.53) price objective on shares of Serica Energy in a research note on Tuesday.

Serica Energy Stock Up 1.0 %

The firm has a fifty day moving average price of GBX 141.64 and a 200 day moving average price of GBX 135.65. 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 company has a market cap of £650.03 million, a P/E ratio of -90.90, 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.