Seplat Energy (LON:SEPL) Reaches New 12-Month High – Here’s What Happened

Seplat Energy Plc (LON:SEPL) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 437 and last traded at GBX 432, with a volume of 25576 shares changing hands. The stock had previously closed at GBX 429.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 550 target price on shares of Seplat Energy in a research note on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Seplat Energy has an average rating of “Buy” and an average target price of GBX 437.50.

Seplat Energy Trading Up 0.7%

The business has a fifty day moving average price of GBX 320.97 and a two-hundred day moving average price of GBX 288.17. The company has a current ratio of 1.48, a quick ratio of 1.40 and a debt-to-equity ratio of 43.24. The firm has a market capitalization of £2.59 billion, a PE ratio of 12.49, a PEG 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.