Serica Energy plc (LON:SQZ – Get Free Report) shares hit a new 52-week low during trading on Thursday . The company traded as low as GBX 118 ($1.55) and last traded at GBX 119.47 ($1.57), with a volume of 1059126 shares trading hands. The stock had previously closed at GBX 121.50 ($1.60).
Analysts Set New Price Targets
Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 225 ($2.96) target price on shares of Serica Energy in a research note on Tuesday, May 21st.
Read Our Latest Report on Serica Energy
Serica Energy Price Performance
Insider Buying and Selling
In related news, insider David Latin acquired 21,350 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The stock was acquired at an average cost of GBX 131 ($1.72) per share, with a total value of £27,968.50 ($36,776.46). In other news, insider Chris Cox purchased 52,672 shares of Serica Energy stock in a transaction dated Friday, July 5th. The shares were bought at an average cost of GBX 1 ($0.01) per share, with a total value of £526.72 ($692.60). Also, insider David Latin bought 21,350 shares of Serica Energy stock in a transaction on Wednesday, July 24th. The shares were acquired at an average price of GBX 131 ($1.72) per share, for a total transaction of £27,968.50 ($36,776.46). Insiders acquired a total of 86,552 shares of company stock valued at $4,553,602 over the last ninety days. Insiders own 37.83% 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.
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