Seplat Energy (LON:SEPL) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Seplat Energy Plc (LON:SEPL) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 529.87 and traded as high as GBX 584. Seplat Energy shares last traded at GBX 560, with a volume of 136,004 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Canaccord Genuity Group restated a “buy” rating and set a GBX 695 price objective on shares of Seplat Energy in a research report on Friday, May 1st. Citigroup raised their price objective on shares of Seplat Energy from GBX 415 to GBX 655 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 675.

Seplat Energy Stock Down 0.2%

The company has a debt-to-equity ratio of 57.57, a quick ratio of 1.40 and a current ratio of 1.18. The stock has a market capitalization of £3.35 billion, a P/E ratio of 18.63, a P/E/G ratio of 0.09 and a beta of 0.14. The company’s 50-day moving average price is GBX 529.87 and its 200 day moving average price is GBX 395.96.

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.