Seplat Energy Plc (LON:SEPL – Get Free Report) reached a new 52-week high during trading on Friday. The stock traded as high as GBX 893 and last traded at GBX 885.33, with a volume of 78,405 shares. The stock had previously closed at GBX 847.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on SEPL. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 690 target price on shares of Seplat Energy in a research note on Thursday, July 30th. Citigroup raised their price target on Seplat Energy from GBX 665 to GBX 875 and gave the company a “buy” rating in a research note on Wednesday, September 9th. Two investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Seplat Energy has a consensus rating of “Buy” and a consensus target price of GBX 782.50.
View Our Latest Stock Report on Seplat Energy
Seplat Energy Stock Performance
The firm has a 50 day moving average of GBX 780.84 and a two-hundred day moving average of GBX 567.76. The company has a debt-to-equity ratio of 47.14, a current ratio of 1.05 and a quick ratio of 1.40. The stock has a market cap of £5.32 billion, a PE ratio of 17.74, a PEG ratio of 0.09 and a beta of 0.11.
Insiders Place Their Bets
In related news, insider Tony O. Elumelu acquired 6,000,000 shares of Seplat Energy stock in a transaction dated Wednesday, September 30th. The stock was acquired 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.
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.
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