Seplat Energy (LON:SEPL) Sets New 1-Year High – Still a Buy?

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

Wall Street Analyst Weigh In

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

Seplat Energy Price Performance

The firm’s 50 day simple moving average is GBX 386.56 and its two-hundred day simple moving average is GBX 312.53. The company has a debt-to-equity ratio of 61.26, a current ratio of 1.09 and a quick ratio of 1.40. The firm has a market capitalization of £2.83 billion, a P/E ratio of 13.62, a P/E/G ratio of 0.09 and a beta of 0.21.

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.