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Serica Energy (LON:SQZ) Shares Pass Below 200 Day Moving Average - Time to Sell?

Serica Energy logo with Energy background

Serica Energy plc (LON:SQZ - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Serica Energy Stock Down 2.5 %

The company has a debt-to-equity ratio of 26.31, a current ratio of 1.69 and a quick ratio of 1.22. The firm has a market cap of £557.53 million, a price-to-earnings ratio of 751.58, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44. The firm has a 50 day moving average price of GBX 131.42 and a 200-day moving average price of GBX 154.66.

Serica Energy Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, October 24th will be paid a dividend of GBX 9 ($0.12) per share. This represents a dividend yield of 7.69%. The ex-dividend date of this dividend is Thursday, October 24th. Serica Energy's dividend payout ratio (DPR) is presently 12,105.26%.

Insider Activity

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

About Serica Energy

(Get Free Report)

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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