Serica Energy (LON:SQZ) Shares Down 1.2% – Here’s Why

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 200 ($2.52) target price on shares of Serica Energy in a report 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 research report on Tuesday.

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 company has a 50 day moving average of GBX 141.90 and a two-hundred day moving average of GBX 135.60. The firm 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.