Seplat Energy (LON:SEPL) Reaches New 52-Week High – Should You Buy?

Seplat Energy Plc (LON:SEPL)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 861.58 and last traded at GBX 854, with a volume of 55750 shares. The stock had previously closed at GBX 824.

Wall Street Analysts Forecast Growth

SEPL has been the subject of a number of recent analyst reports. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 690 price target on shares of Seplat Energy in a research report on Thursday, July 30th. Citigroup upped their target price on shares of Seplat Energy from GBX 665 to GBX 875 and gave the stock a “buy” rating in a report on Wednesday, September 9th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 782.50.

Seplat Energy Stock Up 4.6%

The company’s 50 day moving average is GBX 656.31 and its 200 day moving average is GBX 570.03. The company has a market cap of £5.17 billion, a PE ratio of 17.24, a P/E/G 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.

Seplat Energy Company Profile

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.