Seplat Energy (LON:SEPL) Reaches New 12-Month High – Here’s Why

Seplat Energy Plc (LON:SEPL)’s share price hit a new 52-week high on Monday . The company traded as high as GBX 475.50 and last traded at GBX 461, with a volume of 91953 shares trading hands. The stock had previously closed at GBX 452.

Analyst Ratings Changes

Separately, Canaccord Genuity Group boosted their price objective on Seplat Energy from GBX 550 to GBX 570 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Seplat Energy has a consensus rating of “Buy” and an average price target of GBX 447.50.

Seplat Energy Stock Up 2.1%

The company has a current ratio of 1.09, a quick ratio of 1.40 and a debt-to-equity ratio of 61.26. The business has a fifty day simple moving average of GBX 362.17 and a two-hundred day simple moving average of GBX 303.02. The company has a market cap of £2.69 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 0.09 and a beta of 0.21.

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.