Serica Energy (LON:SQZ) Shares Down 12.3% – Time to Sell?

Serica Energy plc (LON:SQZ) shares traded down 12.3% during trading on Tuesday . The stock traded as low as GBX 121.98 ($1.53) and last traded at GBX 126.30 ($1.59). 22,102,988 shares changed hands during trading, an increase of 981% from the average session volume of 2,044,137 shares. The stock had previously closed at GBX 144 ($1.81).

Analyst Ratings Changes

Several research analysts recently commented on SQZ shares. Berenberg Bank reissued a “buy” rating and issued a GBX 200 ($2.52) price objective on shares of Serica Energy in a research note on Tuesday. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 200 ($2.52) price target on shares of Serica Energy in a research note on Thursday, January 23rd.

Serica Energy Price Performance

The company has a debt-to-equity ratio of 26.31, a current ratio of 1.69 and a quick ratio of 1.22. The stock has a 50 day simple moving average of GBX 141.90 and a two-hundred day simple moving average of GBX 135.60. The company has a market cap of £646.83 million, a price-to-earnings ratio of -90.46, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44.

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.