Serica Energy (LON:SQZ) Shares Down 11.3% – Here’s What Happened

Serica Energy plc (LON:SQZ)’s stock price fell 11.3% on Wednesday . The stock traded as low as GBX 121.98 ($1.54) and last traded at GBX 127.80 ($1.61). 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).

Analyst Ratings Changes

Several research firms have weighed in on SQZ. Canaccord Genuity Group reaffirmed 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. Berenberg Bank reissued a “buy” rating and set a GBX 200 ($2.52) target price on shares of Serica Energy in a report on Tuesday.

Serica Energy Trading Up 2.2 %

The business has a 50-day moving average price of GBX 141.93 and a two-hundred day moving average price of GBX 135.65. The stock has a market capitalization of £643.82 million, a P/E ratio of -90.04, a P/E/G ratio of 2.15 and a beta of 0.44. The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31.

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.