Seplat Energy (LON:SEPL) Given “Buy” Rating at Canaccord Genuity Group

Seplat Energy (LON:SEPL)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity Group in a research report issued on Friday,Digital Look reports. They presently have a GBX 695 price objective on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 16.30% from the stock’s previous close.

Separately, Citigroup increased their target price on shares of Seplat Energy from GBX 415 to GBX 655 and gave the stock a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 675.

Seplat Energy Stock Up 0.3%

SEPL opened at GBX 597.61 on Friday. The firm has a 50 day moving average price of GBX 481.74 and a 200 day moving average price of GBX 361.08. The company has a market cap of £3.59 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 0.09 and a beta of 0.05. Seplat Energy has a 1 year low of GBX 191.80 and a 1 year high of GBX 608. The company has a debt-to-equity ratio of 61.26, a quick ratio of 1.40 and a current ratio of 1.09.

Seplat Energy Company Profile

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.