Seplat Energy (LON:SEPL) Sets New 12-Month High – What’s Next?

Seplat Energy Plc (LON:SEPL) shares hit a new 52-week high on Monday . The stock traded as high as GBX 475.50 and last traded at GBX 461, with a volume of 91953 shares. The stock had previously closed at GBX 452.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group increased their target price on shares of Seplat Energy from GBX 550 to GBX 570 and gave the company a “buy” rating in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 447.50.

Seplat Energy Stock Performance

The stock has a 50-day simple moving average of GBX 354.62 and a 200 day simple moving average of GBX 300.15. The company has a debt-to-equity ratio of 61.26, a current ratio of 1.09 and a quick ratio of 1.40. The company has a market capitalization of £2.77 billion, a PE ratio of 13.33, a P/E/G ratio of 0.09 and a beta of 0.21.

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.