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

Serica Energy plc (LON:SQZ)’s stock price fell 11.3% during trading on Tuesday . The stock traded as low as GBX 121.98 ($1.55) and last traded at GBX 127.80 ($1.62). 10,925,269 shares traded 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).

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SQZ. Berenberg Bank reissued a “buy” rating and set a GBX 200 ($2.53) target price on shares of Serica Energy in a report on Tuesday. Canaccord Genuity Group reissued a “buy” rating and set a GBX 200 ($2.53) target price on shares of Serica Energy in a report on Thursday, January 23rd.

Serica Energy Price Performance

The company has a market cap of £643.63 million, a P/E ratio of -90.01, a PEG ratio of 2.15 and a beta of 0.44. The company has a fifty day simple moving average of GBX 141.75 and a 200-day simple moving average of GBX 135.65. The company has a debt-to-equity ratio of 26.31, a current ratio of 1.69 and a quick ratio of 1.22.

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.