Seplat Energy (LON:SEPL) Reaches New 1-Year High – Time to Buy?

Seplat Energy Plc (LON:SEPL)’s share price reached a new 52-week high during trading on Monday . The company traded as high as GBX 437 and last traded at GBX 432, with a volume of 25576 shares. The stock had previously closed at GBX 429.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 550 target price on shares of Seplat Energy in a research note on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 437.50.

Seplat Energy Stock Performance

The firm’s fifty day moving average price is GBX 327.91 and its 200-day moving average price is GBX 290.46. The company has a market cap of £2.56 billion, a P/E ratio of 12.36, a P/E/G 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.

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.