Seplat Energy (LON:SEPL) Price Target Raised to GBX 570 at Canaccord Genuity Group

Seplat Energy (LON:SEPL) had its price target raised by analysts at Canaccord Genuity Group from GBX 550 to GBX 570 in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 31.34% from the company’s previous close.

Seplat Energy Stock Performance

Shares of LON:SEPL traded up GBX 4.50 during trading on Thursday, reaching GBX 434. The company had a trading volume of 75,415 shares, compared to its average volume of 710,570. Seplat Energy has a fifty-two week low of GBX 152.80 and a fifty-two week high of GBX 440. 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 stock’s fifty day moving average price is GBX 347.56 and its 200 day moving average price is GBX 297.10. The firm has a market capitalization of £2.60 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 0.09 and a beta of 0.13.

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.