Shares of Serica Energy plc (LON:SQZ - Get Free Report) were down 14.5% during trading on Thursday . The company traded as low as GBX 146 ($1.98) and last traded at GBX 152 ($2.06). Approximately 9,339,462 shares changed hands during trading, an increase of 359% from the average daily volume of 2,033,229 shares. The stock had previously closed at GBX 177.80 ($2.41).
Analyst Ratings Changes
Several analysts have recently weighed in on SQZ shares. Jefferies Financial Group restated a "buy" rating and set a GBX 190 price target on shares of Serica Energy in a report on Tuesday, August 5th. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 190 target price on shares of Serica Energy in a research report on Thursday, July 31st. Shore Capital reissued a "buy" rating on shares of Serica Energy in a report on Wednesday. Finally, JPMorgan Chase & Co. reaffirmed a "buy" rating and set a GBX 215 price target on shares of Serica Energy in a research note on Wednesday, August 13th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Serica Energy currently has an average rating of "Buy" and a consensus price target of GBX 203.
Check Out Our Latest Research Report on Serica Energy
Serica Energy Trading Up 2.2%
The company has a debt-to-equity ratio of 26.31, a current ratio of 1.69 and a quick ratio of 1.22. The firm has a market cap of £606.78 million, a price-to-earnings ratio of -1,942.20, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44. The firm's fifty day moving average is GBX 169.04 and its 200-day moving average is GBX 149.59.
Insider Buying and Selling
In other Serica Energy news, insider Martin Copeland bought 45,000 shares of the stock in a transaction on Thursday, July 3rd. The stock was acquired at an average cost of GBX 161 per share, for a total transaction of £72,450. 63.80% of the stock is owned by corporate insiders.
About Serica Energy
(
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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.
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