Seplat Energy (LON:SEPL) Reaches New 52-Week High - Still a Buy?

Key Points

• Seplat Energy shares hit a new 52-week high, trading at GBX 287.50 ($3.84), with an overall last trade of GBX 282 ($3.76).
• Analysts have upgraded Seplat's target prices, with Citigroup raising theirs from GBX 250 to GBX 325, and Canaccord Genuity set at GBX 456, both maintaining a "buy" rating.
• The company produced an average of 48,152 barrels of oil equivalent per day in 9M 2023, emphasizing its role as Nigeria's leading indigenous oil and gas producer.

Seplat Energy Plc (LON:SEPL - Get Free Report) shares reached a new 52-week high during trading on Friday . The stock traded as high as GBX 287.50 ($3.84) and last traded at GBX 282 ($3.76), with a volume of 109074 shares. The stock had previously closed at GBX 281 ($3.75).

Analysts Set New Price Targets

SEPL has been the topic of a number of analyst reports. Citigroup boosted their target price on shares of Seplat Energy from GBX 250 to GBX 325 and gave the company a "buy" rating in a report on Monday, August 4th. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 456 price target on shares of Seplat Energy in a research report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Seplat Energy has an average rating of "Buy" and an average price target of GBX 390.50.

Seplat Energy Stock Down 0.1%

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 firm has a market cap of £1.68 billion, a P/E ratio of -8.77, a price-to-earnings-growth ratio of 0.09 and a beta of 0.45. The stock's fifty day moving average is GBX 255.59 and its two-hundred day moving average is GBX 221.73.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.