Seplat Energy (LON:SEPL) Sets New 12-Month High – Time to Buy?

Shares of Seplat Energy Plc (LON:SEPL) reached a new 52-week high on Monday . The company traded as high as GBX 495.50 and last traded at GBX 484.97, with a volume of 402185 shares traded. The stock had previously closed at GBX 482.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised their target price 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 research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Seplat Energy has an average rating of “Buy” and an average price target of GBX 447.50.

Seplat Energy Stock Down 5.6%

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 stock’s 50-day moving average price is GBX 412.21 and its two-hundred day moving average price is GBX 325.74. The stock has a market capitalization of £2.78 billion, a PE ratio of 13.41, a P/E/G ratio of 0.09 and a beta of 0.21.

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.