Serica Energy (LON:SQZ) Stock Price Down 1.2% - Should You Sell?

Serica Energy plc (LON:SQZ - Get Free Report)'s stock price fell 1.2% during mid-day trading on Tuesday . The stock traded as low as GBX 144 ($1.82) and last traded at GBX 144 ($1.82). 781,370 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 1,436,293 shares. The stock had previously closed at GBX 145.80 ($1.84).

Analyst Upgrades and Downgrades

Several research analysts have commented on SQZ shares. Canaccord Genuity Group restated a "buy" rating and set a GBX 200 ($2.53) price objective on shares of Serica Energy in a report 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 Performance

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 debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69. The stock has a market cap of £650.03 million, a PE ratio of -90.90, 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.