Seplat Energy (LON:SEPL) Shares Cross Above 50-Day Moving Average – What’s Next?

Seplat Energy Plc (LON:SEPL) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 183.38 ($2.43) and traded as high as GBX 189.68 ($2.51). Seplat Energy shares last traded at GBX 189.60 ($2.51), with a volume of 82,477 shares traded.

Seplat Energy Trading Down 2.3 %

The company has a market cap of £1.40 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 0.09 and a beta of 0.45. The firm’s 50-day moving average price is GBX 183.25 and its 200-day moving average price is GBX 199.23. The company has a quick ratio of 1.40, a current ratio of 1.48 and a debt-to-equity ratio of 43.24.

Seplat Energy Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, May 8th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, May 8th. This represents a yield of 3.04%. This is a boost from Seplat Energy’s previous dividend of $0.04. Seplat Energy’s payout ratio is currently 81.62%.

Insider Buying and Selling

In other news, insider Babs Omotowa purchased 18,000 shares of the stock in a transaction on Friday, March 28th. The shares were acquired at an average price of GBX 177 ($2.34) per share, for a total transaction of £31,860 ($42,170.75). Also, insider Roger Thompson Brown acquired 50,000 shares of Seplat Energy stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of GBX 170 ($2.25) per share, for a total transaction of £85,000 ($112,508.27). Over the last quarter, insiders have acquired 88,000 shares of company stock worth $15,226,000. Corporate insiders own 1.65% 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.