Seplat Energy (LON:SEPL) Sets New 52-Week High - Should You Buy?

Key Points

• Seplat Energy shares reached a new 52-week high, trading as high as GBX 495.50 and last at GBX 484.97 on volume of 402,185 shares.
• Analyst update: Canaccord Genuity raised its price target to GBX 570 (from GBX 550) and gave a "buy" rating; the consensus target is GBX 447.50 with an average rating of "Buy."
• Key fundamentals: Seplat has a market cap of £2.90 billion, a P/E of 13.97, and produced 48,152 boepd in 9M 2023 while emphasizing support for Nigeria's energy transition.

Seplat Energy Plc (LON:SEPL - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 495.50 and last traded at GBX 484.97, with a volume of 402185 shares changing hands. The stock had previously closed at GBX 482.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their price target on shares of Seplat Energy from GBX 550 to GBX 570 and gave the company a "buy" rating in a report on Thursday, March 5th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of GBX 447.50.

Seplat Energy Stock Up 0.2%

The firm has a 50 day moving average of GBX 405.79 and a 200-day moving average of GBX 322.52. The company has a debt-to-equity ratio of 61.26, a current ratio of 1.09 and a quick ratio of 1.40. The stock has a market capitalization of £2.90 billion, a P/E ratio of 13.97, a price-to-earnings-growth ratio of 0.09 and a beta of 0.21.

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.

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