Chris Cox Acquires 64,007 Shares of Serica Energy (LON:SQZ) Stock

Serica Energy plc (LON:SQZ) insider Chris Cox bought 64,007 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was purchased at an average price of GBX 170 per share, with a total value of £108,811.90.

Serica Energy Stock Performance

SQZ traded up GBX 8.60 during trading on Tuesday, reaching GBX 171. 3,368,686 shares of the company’s stock were exchanged, compared to its average volume of 2,112,221. The company has a market capitalization of £667.80 million, a P/E ratio of -21.38, a PEG ratio of 2.15 and a beta of 0.44. The company has a quick ratio of 1.22, a current ratio of 1.69 and a debt-to-equity ratio of 26.31. The business has a 50 day moving average price of GBX 192.88 and a 200 day moving average price of GBX 177.36. Serica Energy plc has a fifty-two week low of GBX 112 and a fifty-two week high of GBX 223.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Peel Hunt restated a “buy” rating and set a GBX 207 price target on shares of Serica Energy in a research note on Tuesday, November 4th. Shore Capital reaffirmed a “buy” rating and issued a GBX 230 price target on shares of Serica Energy in a research note on Friday, November 28th. Canaccord Genuity Group upped their price target on Serica Energy from GBX 215 to GBX 240 and gave the company a “buy” rating in a research report on Friday, October 3rd. Jefferies Financial Group boosted their target price on shares of Serica Energy from GBX 190 to GBX 230 and gave the company a “buy” rating in a research note on Monday, October 20th. Finally, Panmure Gordon dropped their target price on shares of Serica Energy from GBX 270 to GBX 238 and set a “buy” rating for the company in a research report on Tuesday, December 2nd. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Serica Energy has an average rating of “Buy” and an average price target of GBX 222.86.

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.