Serica Energy (LON:SQZ) Shares Down 12.5% – What’s Next?

Serica Energy plc (LON:SQZ) was down 12.5% during mid-day trading on Tuesday . The company traded as low as GBX 125.20 ($1.58) and last traded at GBX 126.03 ($1.59). Approximately 18,102,219 shares traded hands during trading, an increase of 840% from the average daily volume of 1,926,468 shares. The stock had previously closed at GBX 144 ($1.82).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 200 ($2.52) price objective on shares of Serica Energy in a research note on Thursday, January 23rd.

Serica Energy Price Performance

The stock has a fifty day moving average of GBX 141.93 and a 200 day moving average of GBX 135.65. The stock has a market cap of £621.45 million, a price-to-earnings ratio of -86.91, a P/E/G ratio of 2.15 and a beta of 0.44. The company has a debt-to-equity ratio of 26.31, a current ratio of 1.69 and a quick ratio of 1.22.

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.