Seplat Energy (LON:SEPL) Sets New 52-Week High – Should You Buy?

Seplat Energy Plc (LON:SEPL)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 861.58 and last traded at GBX 854, with a volume of 55750 shares changing hands. The stock had previously closed at GBX 824.

Analyst Ratings Changes

A number of brokerages recently weighed in on SEPL. Canaccord Genuity Group restated a “buy” rating and set a GBX 690 price objective on shares of Seplat Energy in a research note on Thursday, July 30th. Citigroup raised their target price on shares of Seplat Energy from GBX 665 to GBX 875 and gave the company a “buy” rating in a research note on Wednesday, September 9th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 782.50.

Seplat Energy Stock Performance

The firm has a market cap of £5.17 billion, a price-to-earnings ratio of 17.24, a P/E/G ratio of 0.09 and a beta of 0.11. 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 firm has a fifty day simple moving average of GBX 656.31 and a two-hundred day simple moving average of GBX 570.03.

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.