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

Key Points

• Seplat Energy Plc reached a new 52-week high, with shares trading at GBX 300 ($4.04) recently, reflecting strong investor interest.
• Analysts have significantly raised their price targets for Seplat Energy, with Citigroup setting a target of GBX 325 and Canaccord Genuity increasing it to GBX 550, both maintaining a "buy" rating.
• Seplat Energy is Nigeria's leading independent oil and gas producer, focusing on an energy transition with daily production volumes of 48,152 barrels of oil equivalent.

Shares of Seplat Energy Plc (LON:SEPL - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as GBX 300 ($4.04) and last traded at GBX 298.50 ($4.02), with a volume of 204614 shares traded. The stock had previously closed at GBX 290 ($3.91).

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Citigroup increased their price objective on Seplat Energy from GBX 250 to GBX 325 and gave the stock a "buy" rating in a research report on Monday, August 4th. Canaccord Genuity Group increased their price objective on Seplat Energy from GBX 465 to GBX 550 and gave the stock a "buy" rating in a research report on Friday, September 26th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Seplat Energy has an average rating of "Buy" and a consensus price target of GBX 437.50.

Seplat Energy Stock Down 0.2%

The stock has a 50 day moving average price of GBX 259.98 and a 200 day moving average price of GBX 224.89. The stock has a market capitalization of £1.79 billion, a price-to-earnings ratio of -9.31, a price-to-earnings-growth ratio of 0.09 and a beta of 0.45. The company has a quick ratio of 1.40, a current ratio of 1.48 and a debt-to-equity ratio of 43.24.

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.

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