Serica Energy (LON:SQZ) Shares Down 14.2% - Time to Sell?

Serica Energy plc (LON:SQZ - Get Free Report) shares traded down 14.2% during mid-day trading on Tuesday . The stock traded as low as GBX 122.90 ($1.55) and last traded at GBX 123.60 ($1.56). 19,982,543 shares changed hands during mid-day trading, an increase of 908% from the average session volume of 1,981,771 shares. The stock had previously closed at GBX 144 ($1.82).

Analysts Set New Price Targets

Several analysts have issued reports on the company. Berenberg Bank reissued a "buy" rating and issued a GBX 200 ($2.53) price target on shares of Serica Energy in a research note on Tuesday. Canaccord Genuity Group reissued 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 Trading Up 1.0 %

The company has a debt-to-equity ratio of 26.31, a current ratio of 1.69 and a quick ratio of 1.22. The business has a 50-day moving average of GBX 141.64 and a 200-day moving average of GBX 135.65. The firm has a market cap of £650.03 million, a price-to-earnings 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.