Seplat Energy (LON:SEPL) Price Target Raised to GBX 570

Seplat Energy (LON:SEPL) had its price objective lifted by Canaccord Genuity Group from GBX 550 to GBX 570 in a research report report published on Thursday, Marketbeat Ratings reports. Canaccord Genuity Group currently has a buy rating on the stock.

Seplat Energy Stock Up 4.1%

Shares of SEPL opened at GBX 452 on Thursday. The stock’s 50-day moving average price is GBX 354.62 and its two-hundred day moving average price is GBX 299.77. Seplat Energy has a 12 month low of GBX 152.80 and a 12 month high of GBX 460. The company has a market capitalization of £2.71 billion, a PE ratio of 13.07, a PEG ratio of 0.09 and a beta of 0.21. The company has a current ratio of 1.09, a quick ratio of 1.40 and a debt-to-equity ratio of 61.26.

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. 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.