Insider Buying: Serica Energy (LON:SQZ) Insider Acquires 64,007 Shares of Stock

Serica Energy plc (LON:SQZ) insider Chris Cox acquired 64,007 shares of Serica Energy stock in a transaction dated Tuesday, December 16th. The shares were purchased at an average price of GBX 170 per share, for a total transaction of £108,811.90.

Serica Energy Trading Up 5.3%

Shares of LON SQZ traded up GBX 8.60 during mid-day trading on Tuesday, hitting GBX 171. The stock had a trading volume of 3,368,686 shares, compared to its average volume of 2,112,221. The business has a 50 day moving average price of GBX 192.88 and a two-hundred day moving average price of GBX 177.36. The firm has a market cap of £667.80 million, a P/E ratio of -21.38, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44. The company has a debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69. Serica Energy plc has a 1 year low of GBX 112 and a 1 year high of GBX 223.

Wall Street Analysts Forecast Growth

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