Free Trial

Serica Energy (LON:SQZ) Trading Down 10.6% - What's Next?

Serica Energy logo with Energy background

Key Points

  • Serica Energy's shares fell by 10.6% on Wednesday, trading as low as GBX 182 ($2.44) before closing at GBX 190.80 ($2.56).
  • Multiple analysts maintain a "Buy" rating for Serica Energy, with price targets ranging from GBX 190 to GBX 240, indicating potential growth opportunities.
  • The company holds significant interests in several oil and gas fields in the UK, including 100% in the Keith field and 98% in the Bruce field.
  • Five stocks we like better than Serica Energy.

Serica Energy plc (LON:SQZ - Get Free Report) shares traded down 10.6% on Wednesday . The company traded as low as GBX 182 ($2.44) and last traded at GBX 190.80 ($2.56). 6,142,699 shares traded hands during 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

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

View Our Latest Analysis on Serica Energy

Serica Energy Stock Performance

The stock has a market capitalization of £745.12 million, a price-to-earnings ratio of -2,385.00, a PEG ratio of 2.15 and a beta of 0.44. The stock's 50 day moving average is GBX 173.70 and its 200 day moving average is GBX 156.50. The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31.

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.

Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Serica Energy Right Now?

Before you consider Serica Energy, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Serica Energy wasn't on the list.

While Serica Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Reduce the Risk Cover

Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.

Get This Free Report
Like this article? Share it with a colleague.