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

Serica Energy plc (LON:SQZ - Get Free Report)'s share price traded down 11.3% on Tuesday . The stock traded as low as GBX 121.98 ($1.55) and last traded at GBX 127.80 ($1.62). 10,925,269 shares traded hands 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 analysts recently commented on SQZ shares. Berenberg Bank reaffirmed a "buy" rating and set a GBX 200 ($2.53) target price on shares of Serica Energy in a report on Tuesday. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 200 ($2.53) target price on shares of Serica Energy in a report on Thursday, January 23rd.

Serica Energy Trading Up 1.0 %

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 firm 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 firm has a 50 day moving average of GBX 141.75 and a 200-day moving average of GBX 135.65.

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.