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

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

Serica Energy Price Performance

Shares of SQZ stock opened at GBX 172.60 on Thursday. Serica Energy plc has a 1 year low of GBX 112 and a 1 year high of GBX 223. The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31. The firm’s 50 day moving average is GBX 191.66 and its 200-day moving average is GBX 177.45. The firm has a market capitalization of £674.05 million, a price-to-earnings ratio of -21.58, a PEG ratio of 2.15 and a beta of 0.44.

Analyst Upgrades and Downgrades

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