Citigroup Issues Positive Forecast for Seplat Energy (LON:SEPL) Stock Price

Seplat Energy (LON:SEPL) had its price objective hoisted by investment analysts at Citigroup from GBX 665 to GBX 875 in a report issued on Wednesday, Digital Look reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 17.61% from the company’s current price.

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 690 target price on shares of Seplat Energy in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 782.50.

Seplat Energy Stock Performance

LON SEPL opened at GBX 744 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.05 and a debt-to-equity ratio of 47.14. Seplat Energy has a twelve month low of GBX 238 and a twelve month high of GBX 859. The company has a market cap of £4.46 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 0.09 and a beta of 0.11. The business’s fifty day moving average is GBX 599.73 and its 200 day moving average is GBX 542.98.

Seplat Energy Company Profile

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.