Serica Energy (LON:SQZ) Shares Down 12% - What's Next?

Shares of Serica Energy plc (LON:SQZ - Get Free Report) traded down 12% on Tuesday . The stock traded as low as GBX 121.98 ($1.54) and last traded at GBX 126.75 ($1.60). 23,115,873 shares traded hands during mid-day trading, an increase of 1,015% from the average session volume of 2,073,928 shares. The stock had previously closed at GBX 144 ($1.82).

Wall Street Analyst Weigh In

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

Serica Energy Stock Up 1.0 %

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

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.