Serica Energy (LON:SQZ) Stock Price Down 12% – Time to Sell?

Serica Energy plc (LON:SQZ)’s share price was down 12% during trading on Tuesday . The stock traded as low as GBX 121.98 ($1.53) and last traded at GBX 126.70 ($1.59). Approximately 22,759,906 shares traded hands during trading, an increase of 1,003% from the average daily volume of 2,063,458 shares. The stock had previously closed at GBX 144 ($1.81).

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 200 ($2.52) price target on shares of Serica Energy in a research note on Tuesday. Canaccord Genuity Group reaffirmed a “buy” rating and set 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 market capitalization of £646.83 million, a PE ratio of -90.46, a PEG 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. The company’s 50 day moving average price is GBX 141.90 and its 200-day moving average price is GBX 135.60.

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.