Canaccord Genuity Group Reiterates Buy Rating for Seplat Energy (LON:SEPL)

Seplat Energy (LON:SEPL)‘s stock had its “buy” rating restated by Canaccord Genuity Group in a report released on Thursday,Digital Look reports. They currently have a GBX 690 target price on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 27.18% from the company’s current price.

Separately, Citigroup boosted their price target on shares of Seplat Energy from GBX 6,550 to GBX 6,650 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 3,670.

Seplat Energy Stock Performance

Shares of Seplat Energy stock traded down GBX 1.44 during trading hours on Thursday, hitting GBX 542.56. 124,791 shares of the company’s stock traded hands, compared to its average volume of 1,035,693. Seplat Energy has a 12-month low of GBX 236.65 and a 12-month high of GBX 620. The stock has a market capitalization of £3.26 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 0.09 and a beta of 0.11. The company has a fifty day simple moving average of GBX 542.45 and a 200-day simple moving average of GBX 483.42. The company has a debt-to-equity ratio of 57.57, a current ratio of 1.18 and a quick ratio of 1.40.

Insider Buying and Selling at Seplat Energy

In other Seplat Energy news, insider Christopher Okeke purchased 59,994 shares of the stock in a transaction dated Monday, June 8th. The shares were bought at an average price of GBX 573 per share, with a total value of £343,765.62. 16.91% of the stock is owned by insiders.

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.