Serica Energy (LON:SQZ) Stock Price Down 11.3% – Should You Sell?

Serica Energy plc (LON:SQZ)’s share price fell 11.3% during trading on Tuesday . The company traded as low as GBX 121.98 ($1.54) and last traded at GBX 127.80 ($1.61). 10,925,269 shares changed hands during 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

A number of equities research analysts have weighed in on SQZ shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 200 ($2.52) target price on shares of Serica Energy in a report on Thursday, January 23rd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 200 ($2.52) target price on shares of Serica Energy in a report on Tuesday.

Serica Energy Stock Performance

The company has a 50-day moving average price of GBX 141.93 and a two-hundred day moving average price of GBX 135.65. The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31. The stock has a market capitalization of £629.83 million, a P/E ratio of -88.08, a price-to-earnings-growth 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.