Seplat Energy (LON:SEPL) Reaches New 12-Month High – Still a Buy?

by · The Markets Daily

Seplat Energy Plc (LON:SEPL – Get Free Report) shares reached a new 52-week high during mid-day trading on Monday. The stock traded as high as GBX 903 and last traded at GBX 890, with a volume of 167,898 shares changing hands. The stock had previously closed at GBX 885.

Wall Street Analysts Forecast Growth

SEPL has been the topic of several research analyst reports. Canaccord Genuity Group lifted their target price on shares of Seplat Energy from GBX 900 to GBX 960 and gave the company a “buy” rating in a research report on Monday, November 2nd. Citigroup raised their price target 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 equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 917.50.

Read Our Latest Analysis on SEPL

Seplat Energy Price Performance

The company has a quick ratio of 1.40, a current ratio of 1.16 and a debt-to-equity ratio of 46.97. The stock has a market capitalization of £5.34 billion, a PE ratio of 16.79, a PEG ratio of 0.09 and a beta of 0.11. The company has a 50-day moving average of GBX 809.30 and a 200 day moving average of GBX 584.85.

Insider Transactions at Seplat Energy

In other Seplat Energy news, insider Tony O. Elumelu bought 6,000,000 shares of the company’s stock in a transaction dated Wednesday, September 30th. The stock was acquired at an average price of GBX 887 per share, with a total value of £53,220,000. 37.98% of the stock is currently owned by company insiders.

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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