Seplat Energy (LON:SEPL) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Seplat Energy Plc (LON:SEPL) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 200.16 ($2.58) and traded as low as GBX 166.20 ($2.14). Seplat Energy shares last traded at GBX 166.20 ($2.14), with a volume of 231,423 shares traded.

Seplat Energy Trading Down 5.5 %

The company has a market capitalization of £1.21 billion, a PE ratio of 15.07, a PEG ratio of 0.09 and a beta of 0.45. The company has a fifty day simple moving average of GBX 187.54 and a 200-day simple moving average of GBX 200.16. The company has a current ratio of 1.48, a quick ratio of 1.40 and a debt-to-equity ratio of 43.24.

Seplat Energy Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, May 8th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a dividend yield of 3.04%. This is a positive change from Seplat Energy’s previous dividend of $0.04. Seplat Energy’s dividend payout ratio is currently 81.62%.

Insider Buying and Selling

In other Seplat Energy news, insider Roger Thompson Brown bought 50,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of GBX 170 ($2.19) per share, with a total value of £85,000 ($109,606.71). Also, insider Babs Omotowa bought 20,000 shares of Seplat Energy stock in a transaction on Friday, March 14th. The stock was acquired at an average price of GBX 177 ($2.28) per share, for a total transaction of £35,400 ($45,647.97). Over the last ninety days, insiders bought 88,000 shares of company stock worth $15,226,000. Insiders own 1.65% of the company’s stock.

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.