Seplat Energy (LON:SEPL) Sets New 52-Week High – Here’s What Happened

Shares of Seplat Energy Plc (LON:SEPL) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 620 and last traded at GBX 613.05, with a volume of 775141 shares. The stock had previously closed at GBX 591.

Analyst Ratings Changes

SEPL has been the subject of a number of research reports. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 695 price target on shares of Seplat Energy in a research note on Friday. Citigroup increased their price target on shares of Seplat Energy from GBX 415 to GBX 655 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 675.

Seplat Energy Trading Up 3.0%

The firm has a market cap of £3.65 billion, a PE ratio of 20.30, a PEG ratio of 0.09 and a beta of 0.61. The company has a quick ratio of 1.40, a current ratio of 1.18 and a debt-to-equity ratio of 57.57. The stock’s fifty day simple moving average is GBX 481.74 and its two-hundred day simple moving average is GBX 361.96.

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.