Serica Energy (LON:SQZ) Trading Down 12.5% – Time to Sell?

Serica Energy plc (LON:SQZ) shares fell 12.5% during mid-day trading on Tuesday . The stock traded as low as GBX 125.20 ($1.58) and last traded at GBX 126.03 ($1.59). 18,102,219 shares changed hands during mid-day trading, an increase of 840% from the average session 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 reiterated a “buy” rating and set a GBX 200 ($2.52) price target on shares of Serica Energy in a research report on Thursday, January 23rd.

Serica Energy Stock Down 12.4 %

The business has a 50 day simple moving average of GBX 141.93 and a 200 day simple moving average of GBX 135.65. The company has a market capitalization of £621.45 million, a price-to-earnings ratio of -86.91, a PEG 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.