Citigroup Forecasts Strong Price Appreciation for Seplat Energy (LON:SEPL) Stock

Seplat Energy (LON:SEPL) had its target price boosted by stock analysts at Citigroup from GBX 6,550 to GBX 6,650 in a report released on Tuesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 695 price target on shares of Seplat Energy in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 3,672.50.

Seplat Energy Price Performance

Shares of LON:SEPL opened at GBX 573 on Tuesday. The firm’s 50 day moving average is GBX 535.34 and its two-hundred day moving average is GBX 402.02. Seplat Energy has a 52 week low of GBX 207.50 and a 52 week high of GBX 620. The firm has a market capitalization of £3.44 billion, a P/E ratio of 19.10, a PEG ratio of 0.09 and a beta of 0.14. The company has a current ratio of 1.18, a quick ratio of 1.40 and a debt-to-equity ratio of 57.57.

About Seplat Energy

Seplat Energy is Nigeria’s leading indigenous, independent oil and gas producer, producing oil and gas production volumes of 48,152 barrels of oil equivalent per day (boepd) in 9M 2023, including 117 MMscfd (20,083 boepd) of processed natural gas for domestic power generation in 9M 2023.

Seplat Energy is focused on powering Nigeria’s energy transition. Our goal is to help meet the energy needs of Nigeria’s rapidly growing population by providing accessible, reliable and sustainable energy, at the same time increasing shareholder value.