Serica Energy (LON:SQZ) Shares Down 1.2% – Should You Sell?

Serica Energy plc (LON:SQZ)’s stock price was down 1.2% during mid-day trading on Tuesday . The company traded as low as GBX 144 ($1.81) and last traded at GBX 144 ($1.81). Approximately 781,370 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 1,436,293 shares. The stock had previously closed at GBX 145.80 ($1.83).

Analyst Upgrades and Downgrades

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

Serica Energy Stock Up 0.2 %

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 stock’s 50-day moving average price is GBX 141.90 and its 200-day moving average price is GBX 135.60. The company has a market cap of £646.68 million, a P/E ratio of -90.44, a PEG 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.