Seplat Energy (LON:SEPL) Trading Up 10.6% – Should You Buy?

Seplat Energy Plc (LON:SEPL) shares were up 10.6% on Tuesday . The stock traded as high as GBX 738 and last traded at GBX 728. 668,972 shares changed hands during trading, a decline of 55% from the average daily volume of 1,482,744 shares. The stock had previously closed at GBX 658.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 690 price objective on shares of Seplat Energy in a report on Thursday, July 30th. Citigroup lifted their price target on Seplat Energy from GBX 6,550 to GBX 6,650 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 3,670.

Seplat Energy Price Performance

The stock’s 50-day moving average price is GBX 581.35 and its 200 day moving average price is GBX 533.80. The company has a quick ratio of 1.40, a current ratio of 1.05 and a debt-to-equity ratio of 47.14. The firm has a market capitalization of £4.45 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 0.09 and a beta of 0.11.

Insiders Place Their Bets

In other Seplat Energy news, insider Christopher Okeke bought 59,994 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were acquired at an average cost of GBX 573 per share, with a total value of £343,765.62. 16.91% of the stock is owned by company insiders.

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.