Serica Energy (LON:SQZ) Stock Price Down 12.3% – What’s Next?

Serica Energy plc (LON:SQZ)’s share price traded down 12.3% during trading on Tuesday . The company traded as low as GBX 121.98 ($1.54) 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 ($1.82).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated 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 Stock Performance

The company has a market cap of £623.19 million, a P/E ratio of -87.15, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44. The company’s 50-day moving average is GBX 141.93 and its two-hundred day moving average is GBX 135.65. The company has a quick ratio of 1.22, a current ratio of 1.69 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.