Serica Energy (LON:SQZ) Stock Price Down 12.5% - What's Next?

Serica Energy plc (LON:SQZ - Get Free Report) shares traded down 12.5% during mid-day trading on Tuesday . The company traded as low as GBX 125.20 ($1.58) and last traded at GBX 126.03 ($1.59). 18,102,219 shares traded hands during mid-day trading, an increase of 840% from the average session volume of 1,926,468 shares. The stock had previously closed at GBX 144 ($1.82).

Analyst Upgrades and Downgrades

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

Serica Energy Stock Up 1.0 %

The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31. The firm has a market cap of £650.03 million, a price-to-earnings ratio of -90.90, a PEG ratio of 2.15 and a beta of 0.44. The firm's 50 day simple moving average is GBX 141.64 and its two-hundred day simple moving average is GBX 135.65.

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.