Serica Energy (LON:SQZ) Trading Down 11.3% - Should You Sell?

Serica Energy plc (LON:SQZ - Get Free Report)'s stock price was down 11.3% on Wednesday . The stock traded as low as GBX 121.98 ($1.54) and last traded at GBX 127.80 ($1.61). Approximately 10,925,269 shares traded hands during trading, an increase of 537% from the average daily volume of 1,715,381 shares. The stock had previously closed at GBX 144 ($1.82).

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SQZ shares. Berenberg Bank restated a "buy" rating and set a GBX 200 ($2.53) price objective on shares of Serica Energy in a research note 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 note on Thursday, January 23rd.

Serica Energy Stock Up 1.0 %

The stock has a 50 day moving average price of GBX 141.64 and a 200 day moving average price of GBX 135.65. The company has a market capitalization of £650.03 million, a P/E ratio of -90.90, a PEG ratio of 2.15 and a beta of 0.44. The company has a debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69.

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.