Serica Energy (LON:SQZ) Sets New 12-Month Low at $128.70

Serica Energy plc (LON:SQZ)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 128.70 ($1.66) and last traded at GBX 129.75 ($1.68), with a volume of 461628 shares changing hands. The stock had previously closed at GBX 130 ($1.68).

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 225 ($2.91) price objective on shares of Serica Energy in a report on Tuesday, May 21st.

Serica Energy Stock Down 0.6 %

The company has a market cap of £507.58 million, a P/E ratio of 478.52, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44. The company has a debt-to-equity ratio of 32.79, a quick ratio of 1.22 and a current ratio of 2.19. The business’s fifty day moving average is GBX 154.52 and its two-hundred day moving average is GBX 178.67.

Insider Activity

In other news, insider Martin Copeland acquired 19,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were bought at an average price of GBX 185 ($2.39) per share, with a total value of £35,150 ($45,460.42). In related news, insider Chris Cox bought 12,530 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were bought at an average price of GBX 136 ($1.76) per share, for a total transaction of £17,040.80 ($22,039.32). Also, insider Martin Copeland bought 19,000 shares of Serica Energy stock in a transaction on Tuesday, May 14th. The stock was purchased at an average price of GBX 185 ($2.39) per share, with a total value of £35,150 ($45,460.42). Over the last quarter, insiders purchased 105,552 shares of company stock valued at $8,068,602. Corporate insiders own 41.76% 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.