Seplat Energy (LON:SEPL) Stock Price Up 9.9% – Here’s What Happened

Shares of Seplat Energy Plc (LON:SEPL) rose 9.9% during mid-day trading on Wednesday . The stock traded as high as GBX 292 and last traded at GBX 282. Approximately 209,563 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 226,314 shares. The stock had previously closed at GBX 256.50.

More Seplat Energy News

Here are the key news stories impacting Seplat Energy this week:

• Positive Sentiment: Heirs Energies buys ~20.07% stake (~$496–$500m) from Maurel & Prom and becomes Seplat’s largest shareholder — the cash purchase and a prominent Nigerian investor taking control boosted investor confidence and lifted the share price. Sale of M&P’s 20.07% interest in Seplat Energy
• Positive Sentiment: Multiple outlets report the same transaction (estimated $496–500m), reducing uncertainty about size and buyer — broad media confirmation likely amplified the immediate market reaction. Elumelu becomes Seplat’s largest shareholder in $496m deal
• Neutral Sentiment: Transaction implications for strategy and operations are currently unclear — a strong local investor could support growth and local positioning, but there’s no public detail yet on governance changes or strategic commitments. BusinessDay: Heirs Energies becomes largest shareholder
• Neutral Sentiment: Maurel & Prom’s exit converts a large non-Nigerian holding into local ownership — this reduces foreign exposure but removes a European strategic partner; market impact depends on future collaboration or technical support arrangements. TheCable: Heirs Energies acquires 20% of French firm’s stake
• Negative Sentiment: Concentration risk rises as a single investor now holds ~20% — some investors may worry about increased influence, potential related‑party decisions, or reduced free float over time. Premium Times: Heirs Energies acquires 20.07% stake

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lifted their price objective on Seplat Energy from GBX 465 to GBX 550 and gave the stock a “buy” rating in a research note on Friday, September 26th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 437.50.

Seplat Energy Trading Up 10.7%

The company has a 50-day moving average of GBX 266.46 and a 200 day moving average of GBX 261.45. 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 has a market cap of £1.70 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 0.09 and a beta of 0.45.

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.