Seplat Energy (LON:SEPL) Reaches New 12-Month 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 mid-day trading on Wednesday . The stock 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).

Analyst Ratings Changes

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

Seplat Energy Price Performance

The company has a debt-to-equity ratio of 43.24, a current ratio of 1.48 and a quick ratio of 1.40. The business has a fifty day moving average of GBX 231.12 and a 200 day moving average of GBX 204.50. The stock has a market cap of £1.90 billion, a PE ratio of 23.63, a P/E/G 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.