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

Seplat Energy (LON:SEPL)‘s stock had its “buy” rating reissued by equities research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Thursday,Digital Look reports. They currently have a GBX 690 price objective on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 27.18% from the stock’s current price.

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

Seplat Energy Price Performance

LON SEPL traded down GBX 1.44 during trading hours on Thursday, hitting GBX 542.56. The company had a trading volume of 124,791 shares, compared to its average volume of 1,035,693. Seplat Energy has a 52 week low of GBX 236.65 and a 52 week high of GBX 620. The firm has a 50 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 quick ratio of 1.40 and a current ratio of 1.18. The firm 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.

Insider Activity

In other Seplat Energy news, insider Christopher Okeke purchased 59,994 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was purchased at an average price of GBX 573 per share, for a total transaction of £343,765.62. Company insiders own 16.91% of the company’s stock.

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.