Seplat Energy (LON:SEPL) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Seplat Energy (LON:SEPL) had its price objective boosted by equities researchers at Canaccord Genuity Group from GBX 900 to GBX 960 in a note issued to investors on Monday, Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group‘s price target suggests a potential upside of 9.46% from the company’s previous close.

Separately, Citigroup lifted their price target on Seplat Energy from GBX 665 to GBX 875 and gave the company a “buy” rating in a report on Wednesday, September 9th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 917.50.

Seplat Energy Stock Down 1.2%

LON SEPL traded down GBX 11 on Monday, reaching GBX 877. 144,432 shares of the stock traded hands, compared to its average volume of 1,300,889. The company has a debt-to-equity ratio of 46.97, a quick ratio of 1.40 and a current ratio of 1.16. The company has a fifty day moving average price of GBX 785.68 and a 200-day moving average price of GBX 570.72. The company has a market cap of £5.26 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 0.09 and a beta of 0.11. Seplat Energy has a 12 month low of GBX 238 and a 12 month high of GBX 894.

Insider Transactions at Seplat Energy

In other news, insider Tony O. Elumelu bought 6,000,000 shares of Seplat Energy stock in a transaction that occurred on Wednesday, September 30th. The stock was bought at an average price of GBX 887 per share, for a total transaction of £53,220,000. Insiders own 37.98% of the company’s stock.

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.