Seplat Energy (LON:SEPL) Reaches New 52-Week High – What’s Next?

Seplat Energy Plc (LON:SEPL)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 377 and last traded at GBX 371.26, with a volume of 69282 shares traded. The stock had previously closed at GBX 367.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 550 price target 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, Seplat Energy presently has a consensus rating of “Buy” and a consensus target price of GBX 437.50.

Seplat Energy Trading Up 2.2%

The stock has a market capitalization of £2.25 billion, a P/E ratio of 10.84, a P/E/G ratio of 0.09 and a beta of 0.45. The company has a quick ratio of 1.40, a current ratio of 1.48 and a debt-to-equity ratio of 43.24. The stock’s 50 day moving average price is GBX 293.56 and its 200-day moving average price is GBX 278.67.

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.