Seplat Energy (LON:SEPL) Hits New 1-Year High on Analyst Upgrade

Shares of Seplat Energy Plc (LON:SEPL) reached a new 52-week high during trading on Wednesday after Citigroup raised their price target on the stock from GBX 415 to GBX 655. Citigroup currently has a buy rating on the stock. Seplat Energy traded as high as GBX 575 and last traded at GBX 569, with a volume of 166751 shares traded. The stock had previously closed at GBX 559.

Separately, Canaccord Genuity Group lifted their target price on shares of Seplat Energy from GBX 550 to GBX 570 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 612.50.

Seplat Energy Stock Performance

The company has a debt-to-equity ratio of 61.26, a quick ratio of 1.40 and a current ratio of 1.09. The firm’s 50 day simple moving average is GBX 475.02 and its 200 day simple moving average is GBX 357.94. The firm has a market capitalization of £3.43 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 0.09 and a beta of 0.05.

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. 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.