Serica Energy (LON:SQZ) Shares Down 12.3% - Should You Sell?

Serica Energy plc (LON:SQZ - Get Free Report)'s stock price fell 12.3% on Tuesday . The company traded as low as GBX 121.98 ($1.54) and last traded at GBX 126.30 ($1.60). 22,102,988 shares changed hands during mid-day trading, an increase of 981% from the average session volume of 2,044,137 shares. The stock had previously closed at GBX 144 ($1.82).

Analyst Ratings Changes

A number of brokerages have recently weighed in on SQZ. Berenberg Bank reiterated a "buy" rating and set a GBX 200 ($2.53) price target on shares of Serica Energy in a report on Tuesday. Canaccord Genuity Group reaffirmed 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 Price Performance

The stock has a 50 day moving average price of GBX 141.64 and a two-hundred day moving average price of GBX 135.65. The company has a market capitalization of £650.03 million, a PE 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 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.