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Serica Energy (LON:SQZ) Trading Down 10.6% - Should You Sell?

Serica Energy logo with Energy background

Key Points

  • Serica Energy's stock price fell by 10.6% on Wednesday, trading as low as GBX 182 ($2.44) before recovering slightly to GBX 190.80 ($2.56).
  • Despite the recent decline, Serica Energy has a consensus rating of "Buy" from six investment analysts, with various price targets ranging from GBX 190 to GBX 240.
  • The company has a market capitalization of £745.12 million, with a notable debt-to-equity ratio of 26.31 and a price-to-earnings ratio of -2,385.00.
  • MarketBeat previews top five stocks to own in November.

Serica Energy plc (LON:SQZ - Get Free Report)'s stock price traded down 10.6% on Wednesday . The stock traded as low as GBX 182 ($2.44) and last traded at GBX 190.80 ($2.56). 6,142,699 shares changed hands during mid-day trading, an increase of 195% from the average session volume of 2,085,658 shares. The stock had previously closed at GBX 213.50 ($2.86).

Wall Street Analysts Forecast Growth

SQZ has been the subject of a number of recent research reports. Canaccord Genuity Group boosted their price target on Serica Energy from GBX 215 to GBX 240 and gave the company a "buy" rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. reissued a "buy" rating and set a GBX 215 price target on shares of Serica Energy in a research report on Wednesday, August 13th. Shore Capital restated a "buy" rating and issued a GBX 225 price objective on shares of Serica Energy in a research note on Wednesday. Jefferies Financial Group reissued a "buy" rating and issued a GBX 190 price objective on shares of Serica Energy in a report on Tuesday, August 5th. Finally, Peel Hunt reissued a "buy" rating and set a GBX 207 price objective on shares of Serica Energy in a research note on Tuesday, September 30th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of GBX 212.83.

View Our Latest Report on Serica Energy

Serica Energy Price Performance

The company has a 50 day simple moving average of GBX 173.70 and a 200 day simple moving average of GBX 156.50. 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 market capitalization of £745.12 million, a price-to-earnings ratio of -2,385.00, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44.

Serica Energy Company Profile

(Get Free Report)

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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