Seplat Energy (LON:SEPL) Hits New 12-Month High – Should You Buy?

Seplat Energy Plc (LON:SEPL) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 337.50 and last traded at GBX 335, with a volume of 107062 shares trading hands. The stock had previously closed at GBX 326.

Wall Street Analyst Weigh In

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

Seplat Energy Stock Performance

The stock has a market capitalization of £2.00 billion, a P/E ratio of 9.62, a PEG ratio of 0.09 and a beta of 0.45. 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 business has a 50-day moving average price of GBX 269.24 and a 200 day moving average price of GBX 267.36.

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.