Seplat Energy (LON:SEPL) Stock Price Up 9.9% – Here’s Why

Shares of Seplat Energy Plc (LON:SEPL) traded up 9.9% on Wednesday . The stock traded as high as GBX 292 and last traded at GBX 282. 209,563 shares were traded during trading, a decline of 7% from the average session volume of 226,314 shares. The stock had previously closed at GBX 256.50.

Key Headlines Impacting Seplat Energy

Here are the key news stories impacting Seplat Energy this week:

• Positive Sentiment: Heirs Energies purchased a 20.07% stake from Maurel & Prom for about $496–500m and is now Seplat’s largest shareholder — a strong vote of confidence from a major local investor that likely supported the stock move higher. Sale of M&P stake – Yahoo Finance
• Neutral Sentiment: Multiple local and international outlets confirm the deal and headline the change in ownership; broad media coverage may attract more investor attention but contains no new operational guidance from Seplat itself. Premium Times coverage
• Neutral Sentiment: Related sector commentary (regulation and gas-commercialisation pieces) does not directly affect Seplat’s short-term outlook but is useful context for Nigeria’s energy policy environment that could influence longer-term valuation and project economics. FIRST E&P gas article

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised their price target on shares of Seplat Energy from GBX 465 to GBX 550 and gave the stock a “buy” rating in a research report on Friday, September 26th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 437.50.

Seplat Energy Stock Performance

The company has a debt-to-equity ratio of 43.24, a quick ratio of 1.40 and a current ratio of 1.48. The stock has a 50 day moving average of GBX 266.68 and a 200 day moving average of GBX 261.13. The stock has a market capitalization of £1.70 billion, a P/E ratio of 8.21, a P/E/G ratio of 0.09 and a beta of 0.45.

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.