Seplat Energy (LON:SEPL) Stock Passes Above 50-Day Moving Average – Should You Sell?

Seplat Energy Plc (LON:SEPL)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 202.27 ($2.74) and traded as high as GBX 237 ($3.22). Seplat Energy shares last traded at GBX 237 ($3.22), with a volume of 257,507 shares.

Seplat Energy Price Performance

The company has a current ratio of 1.48, a quick ratio of 1.40 and a debt-to-equity ratio of 43.24. The business has a 50-day moving average price of GBX 202.27 and a two-hundred day moving average price of GBX 195.91. The firm has a market capitalization of £1.73 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 0.09 and a beta of 0.45.

Insider Transactions at Seplat Energy

In other Seplat Energy news, insider Babs Omotowa bought 18,000 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were purchased at an average cost of GBX 177 ($2.40) per share, for a total transaction of £31,860 ($43,235.17). Insiders own 1.65% 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.