Serica Energy plc (LON:SQZ – Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 192.51 ($2.45) and traded as low as GBX 151.40 ($1.92). Serica Energy shares last traded at GBX 152.30 ($1.94), with a volume of 1,601,646 shares changing hands.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 225 ($2.86) price target on shares of Serica Energy in a research report on Tuesday, May 21st.
View Our Latest Research Report on SQZ
Serica Energy Stock Performance
Serica Energy Increases Dividend
The business 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 represents a dividend yield of 7.22%. This is an increase from Serica Energy’s previous dividend of $9.00. The ex-dividend date of this dividend is Thursday, June 27th. Serica Energy’s dividend payout ratio (DPR) is presently 8,518.52%.
Insider Activity
In related news, insider Martin Copeland purchased 19,000 shares of Serica Energy stock in a transaction dated Tuesday, May 14th. The stock was bought at an average cost of GBX 185 ($2.35) per share, for a total transaction of £35,150 ($44,663.28). Insiders own 41.76% of the company’s stock.
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.
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