Seplat Energy (LON:SEPL) Sets New 12-Month High – Here’s Why

Seplat Energy Plc (LON:SEPL)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 500 and last traded at GBX 499.50, with a volume of 1837758 shares traded. The stock had previously closed at GBX 485.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group boosted their price objective on shares of Seplat Energy from GBX 550 to GBX 570 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 447.50.

Seplat Energy Stock Up 3.1%

The company has a debt-to-equity ratio of 61.26, a quick ratio of 1.40 and a current ratio of 1.09. The firm’s 50-day moving average is GBX 430.51 and its 200 day moving average is GBX 334.46. The firm has a market capitalization of £3.00 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 0.09 and a beta of 0.05.

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.