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

Seplat Energy Plc (LON:SEPL)’s share price hit a new 52-week high on Friday after Canaccord Genuity Group raised their price target on the stock from GBX 465 to GBX 550. Canaccord Genuity Group currently has a buy rating on the stock. Seplat Energy traded as high as GBX 287.50 ($3.85) and last traded at GBX 282 ($3.78), with a volume of 109074 shares traded. The stock had previously closed at GBX 281 ($3.77).

Separately, Citigroup lifted their price target on shares of Seplat Energy from GBX 250 to GBX 325 and gave the company a “buy” rating in a report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 437.50.

Seplat Energy Trading Up 0.5%

The company has a debt-to-equity ratio of 43.24, a current ratio of 1.48 and a quick ratio of 1.40. The company’s fifty day moving average is GBX 256.63 and its 200-day moving average is GBX 222.82. The stock has a market cap of £1.69 billion, a PE ratio of -8.83, a PEG ratio of 0.09 and a beta of 0.45.

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.