Serica Energy (LON:SQZ) Shares Down 11.3% - Should You Sell?

Serica Energy plc (LON:SQZ - Get Free Report) fell 11.3% during mid-day trading on Tuesday . The stock traded as low as GBX 121.98 ($1.55) and last traded at GBX 127.80 ($1.62). 10,925,269 shares changed 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).

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SQZ. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 200 ($2.53) price target on shares of Serica Energy in a 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 research note on Tuesday.

Serica Energy Stock Up 1.0 %

The firm has a 50 day moving average price of GBX 141.75 and a two-hundred 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 company 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.

About Serica Energy

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.