Serica Energy (LON:SQZ) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Shares of Serica Energy plc (LON:SQZ) passed 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.

Serica Energy Price Performance

The stock’s 50-day moving average price is GBX 135.19 and its 200-day moving average price is GBX 144.41. The company has a market capitalization of £509.12 million, a price-to-earnings ratio of 686.32, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44. The company has a quick ratio of 1.22, a current ratio of 1.69 and a debt-to-equity ratio of 26.31.

Serica Energy Cuts Dividend

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

Insider Activity at Serica Energy

In other news, insider Martin Copeland bought 13,500 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were bought at an average cost of GBX 112 ($1.41) per share, for a total transaction of £15,120 ($19,054.82). 37.70% of the stock is currently owned by company insiders.

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.