Seplat Energy’s (SEPL) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Seplat Energy (LON:SEPL) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. They currently have a GBX 550 price objective on the stock.

Seplat Energy Price Performance

SEPL opened at GBX 331.50 on Tuesday. The company has a market capitalization of £1.99 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 0.09 and a beta of 0.45. The company has a current ratio of 1.48, a quick ratio of 1.40 and a debt-to-equity ratio of 43.24. Seplat Energy has a 12-month low of GBX 152.80 and a 12-month high of GBX 342.50. The business’s fifty day simple moving average is GBX 272.45 and its 200-day simple moving average is GBX 268.93.

Key Headlines Impacting Seplat Energy

Here are the key news stories impacting Seplat Energy this week:

• Positive Sentiment: Tony Elumelu has been appointed as a non‑executive director after Heirs (linked parties) acquired a ~20.07% stake following M&P’s exit — this brings a high‑profile strategic investor and potential board influence that could support strategic direction and capital access. Tony Elumelu joins Seplat board after Heirs 20.07% share acquisition Seplat Energy appoints Tony Elumelu to board after M&P exit
• Positive Sentiment: Seplat’s ANOH gas project has achieved first gas and commenced commercial supply (reports cite ~300 MMscfd capacity), which should boost gas sales and near‑term cash flow as power/industrial offtake ramps. Multiple outlets covered the milestone. ANOH project has achieved first gas, commenced production, says Seplat Seplat Energy Produces First Gas From ANOH Gas Asset
• Positive Sentiment: Canaccord Genuity reiterated a Buy rating on SEPL, reinforcing broker confidence and potentially supporting demand from institutional investors. Canaccord Genuity Group Reiterates Buy Rating for Seplat Energy (LON:SEPL)
• Positive Sentiment: Seplat says it is nearing the end of routine flaring and backing Nigeria’s net‑zero push — an ESG improvement that can reduce regulatory and reputational risk and improve access to sustainability‑focused capital. Seplat Energy nears end to routine flaring, backs Nigeria’s net-zero push
• Neutral Sentiment: Analyst/market commentary pieces (watchlist/stock‑pick writeups) are circulating that review Seplat’s valuation and growth case following the ANOH milestone and ownership changes — useful for sentiment but not new company guidance. Should You Be Adding Seplat Energy (LON:SEPL) To Your Watchlist Today?
• Neutral Sentiment: Opinion/context pieces discuss Tony Elumelu’s investment and potential strategic corridors; informative for strategy but not immediate cash‑flow impact. Elumelu’s SEPLAT investment and strategic emerging economic corridors

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.