Shares of 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 changing hands. The stock had previously closed at GBX 885.
Analyst Upgrades and Downgrades
Several research firms have commented on SEPL. Citigroup upped their price objective on Seplat Energy from GBX 665 to GBX 875 and gave the stock a “buy” rating in a research report on Wednesday, September 9th. Canaccord Genuity Group lifted their target price on shares of Seplat Energy from GBX 900 to GBX 960 and gave the company a “buy” rating in a report on Monday, November 2nd. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 917.50.
View Our Latest Stock Analysis on SEPL
Seplat Energy Stock Performance
The company has a debt-to-equity ratio of 46.97, a quick ratio of 1.40 and a current ratio of 1.16. The firm has a market capitalization of £5.34 billion, a PE ratio of 16.79, 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 809.30 and its 200-day moving average price is GBX 584.85.
Insider Transactions at Seplat Energy
In other Seplat Energy news, insider Tony O. Elumelu purchased 6,000,000 shares of the stock in a transaction on Wednesday, September 30th. The shares were bought at an average price of GBX 887 per share, for a total transaction of £53,220,000. Corporate insiders own 37.98% 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. 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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