Seplat Energy (LON:SEPL) Shares Pass Above Fifty Day Moving Average – What’s Next?

Shares of Seplat Energy Plc (LON:SEPL) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 599.73 and traded as high as GBX 749. Seplat Energy shares last traded at GBX 744, with a volume of 745,950 shares traded.

Analysts Set New Price Targets

SEPL has been the topic of several research reports. Citigroup raised their price target on Seplat Energy from GBX 665 to GBX 875 and gave the company a “buy” rating in a research note on Wednesday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 690 price objective on shares of Seplat Energy in a research note on Thursday, July 30th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 782.50.

Seplat Energy Stock Up 1.2%

The company has a market cap of £4.61 billion, a P/E ratio of 15.36, a P/E/G ratio of 0.09 and a beta of 0.11. 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 business’s 50 day moving average is GBX 609.73 and its 200 day moving average is GBX 547.79.

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.