Serica Energy (LON:SQZ) Trading Down 14.2% - Here's What Happened

Serica Energy plc (LON:SQZ - Get Free Report) shares dropped 14.2% during trading on Tuesday . The stock traded as low as GBX 122.90 ($1.55) and last traded at GBX 123.60 ($1.56). Approximately 19,982,543 shares traded hands during trading, an increase of 908% from the average daily volume of 1,981,771 shares. The stock had previously closed at GBX 144 ($1.82).

Analyst Ratings Changes

SQZ has been the subject of several research analyst reports. Berenberg Bank restated a "buy" rating and set a GBX 200 ($2.53) price objective on shares of Serica Energy in a research report on Tuesday. Canaccord Genuity Group restated a "buy" rating and set a GBX 200 ($2.53) price objective on shares of Serica Energy in a research report on Thursday, January 23rd.

Serica Energy Stock Up 1.0 %

The firm's fifty day moving average price is GBX 141.64 and its 200-day moving average price is GBX 135.65. The company has a market capitalization of £650.03 million, a price-to-earnings ratio of -90.90, a P/E/G ratio of 2.15 and a beta of 0.44. The company has a debt-to-equity ratio of 26.31, a current ratio of 1.69 and a quick ratio of 1.22.

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.