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

Seplat Energy Plc (LON:SEPL) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 482.50 and last traded at GBX 481.96, with a volume of 97813 shares changing hands. The stock had previously closed at GBX 461.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their price target on Seplat Energy from GBX 550 to GBX 570 and gave the company a “buy” rating in a research note on Thursday, March 5th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 447.50.

Seplat Energy Price Performance

The company has a debt-to-equity ratio of 61.26, a quick ratio of 1.40 and a current ratio of 1.09. The firm has a market capitalization of £2.89 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 0.09 and a beta of 0.21. The company has a 50-day moving average of GBX 378.94 and a 200-day moving average of GBX 310.19.

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.