Seplat Energy Plc (LON:SEPL – Get Free Report) hit a new 52-week high on Monday. The stock traded as high as GBX 903 and last traded at GBX 890, with a volume of 167,898 shares. The stock had previously closed at GBX 885.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on SEPL. Canaccord Genuity Group lifted their price objective on shares of Seplat Energy from GBX 900 to GBX 960 and gave the company a “buy” rating in a research report on Monday, November 2nd. Citigroup upped their price objective on shares of Seplat Energy from GBX 665 to GBX 875 and gave the stock a “buy” rating in a research report on Wednesday, September 9th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Seplat Energy has an average rating of “Buy” and an average target price of GBX 917.50.
View Our Latest Stock Report on Seplat Energy
Seplat Energy Price Performance
The company has a current ratio of 1.16, a quick ratio of 1.40 and a debt-to-equity ratio of 46.97. The stock has a fifty day simple moving average of GBX 818 and a two-hundred day simple moving average of GBX 590.28. The company has a market cap of £5.18 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 0.09 and a beta of 0.11.
Insider Activity at Seplat Energy
In other Seplat Energy news, insider Tony O. Elumelu purchased 6,000,000 shares of Seplat Energy stock in a transaction dated Wednesday, September 30th. The stock was acquired at an average cost of GBX 887 per share, with a total value of £53,220,000. 37.98% of the stock is owned by corporate insiders.
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.
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