Chris Cox Buys 12,530 Shares of Serica Energy plc (LON:SQZ) Stock

Posted by Don Miller on Jul 2nd, 2024

Serica Energy plc (LON:SQZ – Get Free Report) insider Chris Cox acquired 12,530 shares of the stock in a transaction on Tuesday, July 2nd. The stock was bought at an average price of GBX 136 ($1.72) per share, for a total transaction of £17,040.80 ($21,554.26).

Serica Energy Price Performance

SQZ stock traded up GBX 0.50 ($0.01) during midday trading on Tuesday, reaching GBX 135 ($1.71). The stock had a trading volume of 1,687,844 shares, compared to its average volume of 1,641,919. The company’s fifty day simple moving average is GBX 171.48 and its 200 day simple moving average is GBX 189.04. The company has a current ratio of 2.19, a quick ratio of 1.22 and a debt-to-equity ratio of 32.79. The company has a market cap of £530.36 million, a price-to-earnings ratio of 500.00, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44. Serica Energy plc has a 52-week low of GBX 132.70 ($1.68) and a 52-week high of GBX 271.77 ($3.44).

Serica Energy Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 24th. Investors of record on Thursday, June 27th will be given a dividend of GBX 14 ($0.18) per share. This represents a dividend yield of 7.22%. This is an increase from Serica Energy’s previous dividend of $9.00. The ex-dividend date is Thursday, June 27th. Serica Energy’s dividend payout ratio (DPR) is presently 8,518.52%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 225 ($2.85) target price on shares of Serica Energy in a research report on Tuesday, May 21st.

Get Our Latest Research Report on Serica Energy

About Serica Energy

(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.