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

Seplat Energy Plc (LON:SEPLGet Free Report) reached a new 52-week high on Tuesday . The stock traded as high as GBX 437.50 and last traded at GBX 430, with a volume of 101454 shares. The stock had previously closed at GBX 429.50.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 550 target price on shares of Seplat Energy in a report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 437.50.

View Our Latest Stock Analysis on SEPL

Seplat Energy Trading Up 0.1%

The firm has a market capitalization of £2.58 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 0.09 and a beta of 0.13. The business has a 50-day moving average of GBX 340.88 and a two-hundred day moving average of GBX 294.92. The company has a quick ratio of 1.40, a current ratio of 1.09 and a debt-to-equity ratio of 61.26.

Seplat Energy Company Profile

(Get Free Report)

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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