Seplat Energy (LON:SEPL) Receives “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Seplat Energy (LON:SEPL) in a research report report published on Tuesday morning, Marketbeat Ratings reports. They currently have a GBX 550 target price on the stock.

Seplat Energy Stock Performance

SEPL opened at GBX 320 on Tuesday. The firm has a market capitalization of £1.92 billion, a P/E ratio of 9.25, a price-to-earnings-growth ratio of 0.09 and a beta of 0.45. The stock’s 50 day moving average price is GBX 270.02 and its two-hundred day moving average price is GBX 268.04. The company has a quick ratio of 1.40, a current ratio of 1.48 and a debt-to-equity ratio of 43.24. Seplat Energy has a 12-month low of GBX 152.80 and a 12-month high of GBX 339.

Seplat Energy News Summary

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

• Positive Sentiment: ANO H gas project achieves first gas and has commenced gas supply — this increases Seplat’s domestic gas volumes and supports industrial off‑take (helps near‑term revenue and gas monetization). Seplat’s 300 MMscfd ANOH Project Achieves First Gas Seplat’s ANOH gas project commences gas supply Seplat says ANOH Gas Project achieves first gas
• Positive Sentiment: ANO H has started delivering gas to industrial customers (Indorama) and Seplat reactivated four wells — supports immediate cash flow from gas sales. Seplat’s ANOH project delivers first gas to Indorama, reactivates four wells
• Positive Sentiment: Analyst support: Canaccord Genuity reaffirmed a “buy” on SEPL with a GBX 550 price target — gives upside signal to investors. Digital Look
• Positive Sentiment: Momentum note: SEPL recently hit a new 52‑week high, indicating recent strong investor interest (likely source of profit‑taking). Seplat Energy (LON:SEPL) Hits New 52-Week High – Here’s What Happened
• Neutral Sentiment: ESG/strategy: Seplat publicly backed the Nigerian Exchange’s net‑zero drive and outlined steps toward responsible operations — positive long‑term positioning but slower to impact near‑term cash flow. Seplat backs NGX net-zero drive, outlines path to responsible oil and gas operations Seplat Energy Backs Nigerian Exchange’s Net–Zero Drive
• Negative Sentiment: Sector funding risk: Local oil firms face capital constraints as ambitions outstrip available financing — this raises execution and growth funding risk for Nigerian E&P players, including Seplat. Local oil firms face funding hurdle as ambitions outstrip capital

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.