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

Shares of Serica Energy plc (LON:SQZ - Get Free Report) fell 11.3% on Tuesday . The company 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 mid-day 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).

Analysts Set New Price Targets

A number of research firms have weighed in on SQZ. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 200 ($2.53) target price on shares of Serica Energy in a report on Thursday, January 23rd. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 200 ($2.53) price objective on shares of Serica Energy in a research note on Tuesday.

Serica Energy Price Performance

The firm has a 50 day moving average price of GBX 141.75 and a 200 day moving average price of GBX 135.65. 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 stock has a market cap of £650.03 million, a P/E ratio of -90.90, a P/E/G ratio of 2.15 and a beta of 0.44.

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.