Seplat Energy (LON:SEPL) Price Target Raised to GBX 875

Seplat Energy (LON:SEPL) had its price target increased by investment analysts at Citigroup from GBX 665 to GBX 875 in a report released on Wednesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 17.61% from the stock’s current price.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 690 target price on shares of Seplat Energy in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Seplat Energy currently has an average rating of “Buy” and a consensus price target of GBX 782.50.

Seplat Energy Stock Performance

SEPL stock opened at GBX 744 on Wednesday. The firm has a market cap of £4.46 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 0.09 and a beta of 0.11. The company has a current ratio of 1.05, a quick ratio of 1.40 and a debt-to-equity ratio of 47.14. The stock has a 50-day moving average price of GBX 599.73 and a 200-day moving average price of GBX 542.98. Seplat Energy has a 1-year low of GBX 238 and a 1-year high of GBX 859.

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.