Serica Energy plc (LON:SQZ – Get Free Report)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as GBX 132.70 ($1.68) and last traded at GBX 132.80 ($1.68), with a volume of 4214861 shares traded. The stock had previously closed at GBX 152.10 ($1.93).
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 225 ($2.85) price objective on shares of Serica Energy in a report on Tuesday, May 21st.
View Our Latest Stock Report on SQZ
Serica Energy Stock Performance
Serica Energy Increases Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Thursday, June 27th will be given a dividend of GBX 14 ($0.18) per share. This is a boost from Serica Energy’s previous dividend of $9.00. The ex-dividend date of this dividend is Thursday, June 27th. This represents a dividend yield of 7.22%. Serica Energy’s payout ratio is currently 8,518.52%.
Insider Transactions at Serica Energy
In other news, insider Martin Copeland acquired 19,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was purchased at an average price of GBX 185 ($2.35) per share, for a total transaction of £35,150 ($44,589.62). 41.76% of the stock is owned by corporate insiders.
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.
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