Serica Energy (LON:SQZ) Trading Down 12.5% - Here's Why

Serica Energy plc (LON:SQZ - Get Free Report) fell 12.5% on Tuesday . The company traded as low as GBX 125.20 ($1.58) and last traded at GBX 126.03 ($1.59). 18,102,219 shares were traded during mid-day trading, an increase of 840% from the average session volume of 1,926,468 shares. The stock had previously closed at GBX 144 ($1.82).

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 200 ($2.53) price objective on shares of Serica Energy in a research note on Thursday, January 23rd. Berenberg Bank restated a "buy" rating and issued a GBX 200 ($2.53) price target on shares of Serica Energy in a research report on Tuesday.

Serica Energy Price Performance

The stock has a 50-day moving average of GBX 141.64 and a two-hundred day moving average of GBX 135.65. The firm has a market cap of £650.03 million, a price-to-earnings ratio of -90.90, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44. The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31.

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.