Serica Energy (LON:SQZ) Shares Down 11.3% - What's Next?

Serica Energy plc (LON:SQZ - Get Free Report) shares were down 11.3% on Tuesday . The stock traded as low as GBX 121.98 ($1.55) and last traded at GBX 127.80 ($1.62). Approximately 10,925,269 shares changed hands during mid-day trading, an increase of 537% from the average daily volume of 1,715,381 shares. The stock had previously closed at GBX 144 ($1.82).

Wall Street Analyst Weigh In

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

Serica Energy Price Performance

The business's 50-day moving average price is GBX 141.75 and its 200 day moving average price is 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 P/E ratio of -90.90, a price-to-earnings-growth 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.