Seplat Energy (LON:SEPL) Hits New 12-Month High – Should You Buy?

Seplat Energy Plc (LON:SEPL – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as GBX 861.58 and last traded at GBX 854, with a volume of 55750 shares trading hands. The stock had previously closed at GBX 824.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SEPL. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 690 price target on shares of Seplat Energy in a research note on Thursday, July 30th. Citigroup increased their price objective on Seplat Energy from GBX 665 to GBX 875 and gave the stock a “buy” rating in a research note on Wednesday, September 9th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 782.50.

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Seplat Energy Stock Performance

The company has a debt-to-equity ratio of 47.14, a quick ratio of 1.40 and a current ratio of 1.05. The firm has a market capitalization of £5.27 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 0.09 and a beta of 0.11. The firm’s 50 day moving average price is GBX 668.85 and its 200-day moving average price is GBX 576.10.

Seplat Energy Company Profile

(Get Free Report)

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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