Seplat Energy (LON:SEPL) Hits New 52-Week High - Here's What Happened

Key Points

• Seplat Energy shares hit a new 52-week high, trading at GBX 260.50 ($3.48) on Wednesday, with a volume of 47,864 shares exchanged.
• The company achieved a production volume of 48,152 barrels of oil equivalent per day in the first nine months of 2023, emphasizing its role in Nigeria's energy transition.
• Seplat Energy has a market capitalization of £1.84 billion and a PE ratio of 22.91, indicating a healthy financial standing.

Seplat Energy Plc (LON:SEPL - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 260.50 ($3.46) and last traded at GBX 254.50 ($3.38), with a volume of 47864 shares changing hands. The stock had previously closed at GBX 243 ($3.23).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 456 ($6.05) price objective on shares of Seplat Energy in a research report on Thursday.

Seplat Energy Stock 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 stock's 50 day moving average price is GBX 232.35 and its two-hundred day moving average price is GBX 204.91. The firm has a market capitalization of £1.90 billion, a PE ratio of 23.63, a PEG ratio of 0.09 and a beta of 0.45.

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.