Serica Energy (LON:SQZ) Reaches New 12-Month Low at $118.00

Serica Energy plc (LON:SQZ)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 118 ($1.55) and last traded at GBX 119.47 ($1.57), with a volume of 1059126 shares traded. The stock had previously closed at GBX 121.50 ($1.60).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 225 ($2.96) price objective on shares of Serica Energy in a research report on Tuesday, May 21st.

Serica Energy Stock Down 1.7 %

The firm has a 50-day simple moving average of GBX 131.03 and a two-hundred day simple moving average of GBX 163.03. The company has a market cap of £466.48 million, a PE ratio of 450.00, a P/E/G ratio of 2.15 and a beta of 0.46. The company has a debt-to-equity ratio of 32.79, a current ratio of 2.19 and a quick ratio of 1.22.

Insider Buying and Selling

In other news, insider David Latin acquired 21,350 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were bought at an average price of GBX 131 ($1.72) per share, for a total transaction of £27,968.50 ($36,776.46). In other Serica Energy news, insider David Latin purchased 21,350 shares of the stock in a transaction dated Wednesday, July 24th. The shares were bought at an average cost of GBX 131 ($1.72) per share, with a total value of £27,968.50 ($36,776.46). Also, insider Chris Cox acquired 52,672 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was purchased at an average cost of GBX 1 ($0.01) per share, for a total transaction of £526.72 ($692.60). Over the last three months, insiders have purchased 86,552 shares of company stock valued at $4,553,602. Insiders own 37.83% 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.