Seplat Energy Plc (LON:SEPL – Get Free Report) insider Christopher Okeke acquired 59,994 shares of the stock in a transaction on Monday, June 8th. The stock was purchased at an average cost of GBX 573 per share, with a total value of £343,765.62.
Seplat Energy Stock Down 1.4%
SEPL stock traded down GBX 8 during midday trading on Wednesday, hitting GBX 556. 476,601 shares of the company’s stock were exchanged, compared to its average volume of 1,200,763. The stock has a market capitalization of £3.34 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 0.09 and a beta of 0.14. The company has a current ratio of 1.18, a quick ratio of 1.40 and a debt-to-equity ratio of 57.57. The firm has a 50 day moving average price of GBX 547.24 and a 200-day moving average price of GBX 414.85. Seplat Energy Plc has a 12-month low of GBX 207.50 and a 12-month high of GBX 620.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the stock. Citigroup raised their target price on Seplat Energy from GBX 6,550 to GBX 6,650 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Canaccord Genuity Group reissued a “buy” rating and set a GBX 695 target price on shares of Seplat Energy in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 3,672.50.
More Seplat Energy News
Here are the key news stories impacting Seplat Energy this week:
- Positive Sentiment: Seplat said it is entering a new growth phase with Tony Elumelu named chairman and Effiong Okon appointed CEO, a move that could boost confidence in strategy execution and governance. Seplat Energy Sets New CEO and Chairman to Steer 2030 Growth Plan
- Positive Sentiment: Market commentary around Elumelu’s appointment has been broadly upbeat, highlighting his high profile, business experience, and potential to strengthen Seplat’s leadership profile. Seplat Energy appoints Elumelu as chairman, names new CEO
- Positive Sentiment: The company framed the board and management changes as part of a planned transition to support its next stage of growth, which may reassure investors that the shake-up is orderly rather than disruptive. Seplat Energy Unveils Leadership Transition to Drive Next Phase of Growth
- Neutral Sentiment: Several reports repeated the same leadership news, increasing visibility but adding little new operational detail for investors. Tony Elemelu emerges new Seplat Energy board chairman
- Negative Sentiment: The departure of former CEO Roger Brown introduces some transition risk, and investors may wait to see whether the new leadership team can maintain momentum. Seplat Energy names Effiong Okon as CEO as Roger Brown retires
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.
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