Serica Energy (LON:SQZ) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Serica Energy plc (LON:SQZ)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 154.66 ($2.02) and traded as low as GBX 142.40 ($1.86). Serica Energy shares last traded at GBX 146.40 ($1.91), with a volume of 1,273,478 shares.

Serica Energy Price Performance

The business has a 50 day simple moving average of GBX 131.80 and a two-hundred day simple moving average of GBX 154.37. The firm has a market capitalization of £561.44 million, a P/E ratio of 756.84, 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 Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, October 24th will be given a GBX 9 ($0.12) dividend. This represents a dividend yield of 7.69%. The ex-dividend date is Thursday, October 24th. Serica Energy’s dividend payout ratio (DPR) is 12,105.26%.

Insider Activity at Serica Energy

In related news, insider David Latin purchased 21,350 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were purchased at an average price of GBX 131 ($1.71) per share, with a total value of £27,968.50 ($36,521.94). In other news, insider David Latin acquired 21,350 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was purchased at an average cost of GBX 131 ($1.71) per share, for a total transaction of £27,968.50 ($36,521.94). Also, insider Martin Copeland acquired 13,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average cost of GBX 112 ($1.46) per share, for a total transaction of £15,120 ($19,744.06). 37.70% of the stock is currently owned by insiders.

About Serica Energy

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.