Serica Energy (LON:SQZ) Stock Price Down 14.5% – What’s Next?

Serica Energy plc (LON:SQZ)’s stock price fell 14.5% during trading on Thursday . The stock traded as low as GBX 146 ($1.98) and last traded at GBX 152 ($2.06). Approximately 9,339,462 shares were traded during trading, an increase of 359% from the average session volume of 2,033,229 shares. The stock had previously closed at GBX 177.80 ($2.41).

Analyst Ratings Changes

Several brokerages have commented on SQZ. 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 reissued a “buy” rating on shares of Serica Energy in a research report on Wednesday. Jefferies Financial Group reissued a “buy” rating and set a GBX 190 price target on shares of Serica Energy in a research report on Tuesday, August 5th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a GBX 190 price target on shares of Serica Energy in a research report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 203.

Serica Energy Stock Performance

The company has a debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69. The stock’s fifty day moving average price is GBX 168.81 and its 200-day moving average price is GBX 149.99. The company has a market capitalization of £625.62 million, a P/E ratio of -2,002.50, a PEG ratio of 2.15 and a beta of 0.44.

Insider Activity

In other news, insider Martin Copeland bought 45,000 shares of the company’s stock in a transaction dated Thursday, July 3rd. The shares were bought at an average cost of GBX 161 per share, with a total value of £72,450. Insiders own 63.80% of the company’s stock.

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.