Shares of Serica Energy plc (LON:SQZ – Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 132.20 ($1.69) and last traded at GBX 133.51 ($1.71), with a volume of 152763 shares trading hands. The stock had previously closed at GBX 133.90 ($1.72).
Analysts Set New Price Targets
Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 225 ($2.88) price objective on shares of Serica Energy in a research report on Tuesday, May 21st.
Check Out Our Latest Stock Analysis on SQZ
Serica Energy Price Performance
Serica Energy Increases Dividend
The business also recently announced a dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Thursday, June 27th will be paid a dividend of GBX 14 ($0.18) per share. This is a positive change from Serica Energy’s previous dividend of $9.00. The ex-dividend date of this dividend is Thursday, June 27th. This represents a dividend yield of 7.22%. Serica Energy’s payout ratio is presently 8,518.52%.
Insider Activity
In related news, insider Martin Copeland bought 19,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were purchased at an average price of GBX 185 ($2.37) per share, with a total value of £35,150 ($45,023.70). In related news, insider Chris Cox bought 52,672 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were purchased at an average price of GBX 1 ($0.01) per share, with a total value of £526.72 ($674.68). Also, insider Martin Copeland bought 19,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were bought at an average cost of GBX 185 ($2.37) per share, for a total transaction of £35,150 ($45,023.70). In the last 90 days, insiders have purchased 84,202 shares of company stock valued at $5,271,752. Corporate insiders own 41.76% 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.
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