Serica Energy plc (LON:SQZ – Get Free Report) reached a new 52-week low 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 changing hands. The stock had previously closed at GBX 152.10 ($1.93).
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 225 ($2.85) target price on shares of Serica Energy in a research note on Tuesday, May 21st.
View Our Latest Research 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. Investors of record on Thursday, June 27th will be issued a dividend of GBX 14 ($0.18) per share. This represents a yield of 7.22%. The ex-dividend date of this dividend is Thursday, June 27th. This is an increase from Serica Energy’s previous dividend of $9.00. Serica Energy’s payout ratio is currently 8,518.52%.
Insider Activity at Serica Energy
In other Serica Energy news, insider Martin Copeland purchased 19,000 shares of Serica Energy stock in a transaction that occurred on Tuesday, May 14th. The shares were bought 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 company 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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