Serica Energy (LON:SQZ) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Serica Energy plc (LON:SQZ)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 144.82 ($1.83) and traded as low as GBX 123.59 ($1.56). Serica Energy shares last traded at GBX 130.40 ($1.64), with a volume of 1,679,161 shares trading hands.

Serica Energy Stock Performance

The company’s 50-day simple moving average is GBX 135.19 and its 200 day simple moving average is GBX 144.82. The stock has a market cap of £509.12 million, a P/E ratio of 686.32, a PEG ratio of 2.15 and a beta of 0.44. The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31.

Serica Energy Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, October 24th will be issued a dividend of GBX 9 ($0.11) per share. The ex-dividend date is Thursday, October 24th. This represents a yield of 7.69%. Serica Energy’s dividend payout ratio (DPR) is currently 12,105.26%.

Insiders Place Their Bets

In related news, insider Martin Copeland acquired 13,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average price of GBX 112 ($1.41) per share, for a total transaction of £15,120 ($19,054.82). Insiders own 37.70% of the company’s stock.

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.