Seplat Energy Plc (LON:SEPL – Get Free Report)’s stock price reached a new 52-week high on Wednesday . The company traded as high as GBX 620 and last traded at GBX 620, with a volume of 189904 shares traded. The stock had previously closed at GBX 613.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on SEPL shares. Citigroup lifted their price target on shares of Seplat Energy from GBX 6,550 to GBX 6,650 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Canaccord Genuity Group restated a “buy” rating and issued a GBX 690 price objective on shares of Seplat Energy in a report on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Seplat Energy has an average rating of “Buy” and a consensus price target of GBX 3,670.
Get Our Latest Report on Seplat Energy
Seplat Energy Trading Up 1.1%
Insider Activity at Seplat Energy
In related news, insider Christopher Okeke purchased 59,994 shares of Seplat Energy stock in a transaction dated Monday, June 8th. The stock was purchased at an average cost of GBX 573 per share, for a total transaction of £343,765.62. Corporate insiders own 16.91% 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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