Malcolm Webb Buys 1,535 Shares of Serica Energy Plc (LON:SQZ) Stock

Serica Energy Plc (LON:SQZ) insider Malcolm Webb acquired 1,535 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The stock was bought at an average price of GBX 123 ($1.51) per share, with a total value of £1,888.05 ($2,323.47).

Shares of Serica Energy stock opened at GBX 120 ($1.48) on Thursday. Serica Energy Plc has a 1 year low of GBX 1.03 ($0.01) and a 1 year high of GBX 146 ($1.80). The business has a 50-day moving average of GBX 117.11 and a two-hundred day moving average of GBX 105.97. The company has a market capitalization of $321.03 million and a P/E ratio of 5.22. The company has a debt-to-equity ratio of 11.39, a current ratio of 2.08 and a quick ratio of 1.91.

SQZ has been the subject of a number of recent analyst reports. Peel Hunt reiterated a “buy” rating on shares of Serica Energy in a report on Thursday, July 2nd. Jefferies Financial Group upped their price objective on Serica Energy from GBX 105 ($1.29) to GBX 115 ($1.42) and gave the company a “buy” rating in a report on Tuesday, April 28th.

Serica Energy Company Profile

Serica Energy plc engages in the identification, acquisition, exploration, and exploitation of oil and gas reserves. The company holds exploration, development, and production assets in the United Kingdom, as well as exploration interests in the Atlantic margins offshore Ireland and Namibia; and an 18% non-operated interest in the Erskine field in the Central North Sea.

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