Seplat Energy (LON:SEPL) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Seplat Energy Plc (LON:SEPL) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 529.87 and traded as high as GBX 584. Seplat Energy shares last traded at GBX 560, with a volume of 136,004 shares trading hands.

Analyst Ratings Changes

A number of brokerages have issued reports on SEPL. Citigroup lifted their price target on shares of Seplat Energy from GBX 415 to GBX 655 and gave the company a “buy” rating in a report on Tuesday, April 28th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 695 price target on shares of Seplat Energy in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 675.

Seplat Energy Stock Performance

The business’s fifty day moving average price is GBX 529.87 and its two-hundred day moving average price is GBX 395.96. The company has a debt-to-equity ratio of 57.57, a quick ratio of 1.40 and a current ratio of 1.18. The stock has a market capitalization of £3.35 billion, a P/E ratio of 18.63, a P/E/G ratio of 0.09 and a beta of 0.14.

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.