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
(
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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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