Serica Energy (LON:SQZ) Trading Down 1.2% – Here’s What Happened

Serica Energy plc (LON:SQZ)’s share price was down 1.2% during mid-day trading on Tuesday . The stock 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).

Analysts Set New Price Targets

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

Serica Energy Stock Performance

The firm’s 50 day simple moving average is GBX 141.90 and its 200-day simple moving average is GBX 135.60. The company has a market capitalization of £646.68 million, a price-to-earnings ratio of -90.44, a P/E/G ratio of 2.15 and a beta of 0.44. The company has a debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69.

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.