Seplat Energy (LON:SEPL) Sets New 1-Year High – What’s Next?

Seplat Energy Plc (LON:SEPL)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 319.92 and last traded at GBX 311.50, with a volume of 201217 shares. The stock had previously closed at GBX 302.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upped their price target on Seplat Energy from GBX 465 to GBX 550 and gave the stock a “buy” rating in a report on Friday, September 26th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 437.50.

Seplat Energy Stock Up 2.4%

The company has a debt-to-equity ratio of 43.24, a quick ratio of 1.40 and a current ratio of 1.48. The stock’s 50-day moving average price is GBX 268.09 and its two-hundred day moving average price is GBX 265.97. The stock has a market capitalization of £1.96 billion, a PE ratio of 9.43, a P/E/G ratio of 0.09 and a beta of 0.45.

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.