Seplat Energy (LON:SEPL) Hits New 12-Month High – What’s Next?

Seplat Energy Plc (LON:SEPL)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 408.20 and last traded at GBX 408, with a volume of 977692 shares traded. The stock had previously closed at GBX 405.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 550 price objective on shares of Seplat Energy in a research note on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 437.50.

Seplat Energy Stock Up 0.7%

The stock has a market cap of £2.45 billion, a price-to-earnings ratio of 11.80, a P/E/G ratio of 0.09 and a beta of 0.45. 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’s 50 day moving average is GBX 304.96 and its two-hundred day moving average is GBX 282.80.

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.