Serica Energy (LON:SQZ) Shares Down 10.6% - What's Next?

Serica Energy plc (LON:SQZ - Get Free Report)'s stock price dropped 10.6% on Tuesday . The stock traded as low as GBX 121.98 ($1.54) and last traded at GBX 128.80 ($1.63). Approximately 23,487,631 shares changed hands during mid-day trading, an increase of 1,027% from the average daily volume of 2,084,862 shares. The stock had previously closed at GBX 144 ($1.82).

Wall Street Analyst Weigh In

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

Serica Energy Stock Up 1.0 %

The company has a debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69. The business has a 50 day simple moving average of GBX 141.64 and a 200-day simple moving average of GBX 135.65. The firm has a market capitalization 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.