Serica Energy (LON:SQZ) Shares Down 14.2% – What’s Next?

Serica Energy plc (LON:SQZ)’s stock price fell 14.2% on Tuesday . The company traded as low as GBX 122.90 ($1.55) and last traded at GBX 123.60 ($1.56). 19,982,543 shares traded hands during trading, an increase of 908% from the average session volume of 1,981,771 shares. The stock had previously closed at GBX 144 ($1.82).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 200 ($2.52) price objective on shares of Serica Energy in a research report on Thursday, January 23rd.

Serica Energy Price Performance

The company has a quick ratio of 1.22, a current ratio of 1.69 and a debt-to-equity ratio of 26.31. The stock’s 50-day simple moving average is GBX 141.93 and its two-hundred day simple moving average is GBX 135.65. The company has a market capitalization of £609.62 million, a price-to-earnings ratio of -85.25, a PEG ratio of 2.15 and a beta of 0.44.

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.