Seplat Energy (LON:SEPL) Reaches New 12-Month High After Analyst Upgrade

Seplat Energy Plc (LON:SEPL)’s stock price reached a new 52-week high during mid-day trading on Tuesday after Citigroup raised their price target on the stock from GBX 250 to GBX 325. Citigroup currently has a buy rating on the stock. Seplat Energy traded as high as GBX 269.50 ($3.58) and last traded at GBX 269.50 ($3.58), with a volume of 66690 shares. The stock had previously closed at GBX 262.50 ($3.49).

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 456 ($6.06) price target on shares of Seplat Energy in a report on Thursday, July 31st.

Seplat Energy Stock Up 2.7%

The company has a debt-to-equity ratio of 43.24, a quick ratio of 1.40 and a current ratio of 1.48. The firm has a market cap of £1.96 billion, a P/E ratio of 24.44, a P/E/G ratio of 0.09 and a beta of 0.45. The firm’s fifty day moving average is GBX 234.93 and its 200 day moving average is GBX 205.77.

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.