Insider Buying: Serica Energy plc (LON:SQZ) Insider Acquires 12,530 Shares of Stock

Serica Energy plc (LON:SQZ) insider Chris Cox purchased 12,530 shares of Serica Energy stock in a transaction that occurred on Tuesday, July 2nd. The stock was acquired at an average cost of GBX 136 ($1.72) per share, with a total value of £17,040.80 ($21,554.26).

Serica Energy Trading Up 3.0 %

Shares of SQZ stock opened at GBX 139 ($1.76) on Thursday. The stock has a market capitalization of £546.08 million, a price-to-earnings ratio of 514.81, a PEG ratio of 2.15 and a beta of 0.44. The company’s fifty day simple moving average is GBX 169.19 and its two-hundred day simple moving average is GBX 188.19. Serica Energy plc has a 1 year low of GBX 132.70 ($1.68) and a 1 year high of GBX 271.77 ($3.44). The company has a debt-to-equity ratio of 32.79, a current ratio of 2.19 and a quick ratio of 1.22.

Serica Energy Increases Dividend

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

Analyst Upgrades and Downgrades

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

About Serica Energy

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.