Serica Energy plc (LON:SQZ) Insider Chris Cox Purchases 52,672 Shares

Serica Energy plc (LON:SQZ) insider Chris Cox acquired 52,672 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were bought at an average price of GBX 1 ($0.01) per share, for a total transaction of £526.72 ($674.68).

Chris Cox also recently made the following trade(s):

• On Tuesday, July 2nd, Chris Cox acquired 12,530 shares of Serica Energy stock. The shares were bought at an average price of GBX 136 ($1.74) per share, for a total transaction of £17,040.80 ($21,827.59).

Serica Energy Stock Performance

LON:SQZ opened at GBX 133.90 ($1.72) on Wednesday. The firm’s 50-day moving average is GBX 164.22 and its 200-day moving average is GBX 185.53. Serica Energy plc has a 52-week low of GBX 132.70 ($1.70) and a 52-week high of GBX 271.77 ($3.48). 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 company has a market cap of £526.04 million, a price-to-earnings ratio of 495.93, a PEG ratio of 2.15 and a beta of 0.44.

Serica Energy Increases Dividend

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

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 225 ($2.88) price objective on shares of Serica Energy in a report on Tuesday, May 21st.

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.