Seplat Energy (LON:SEPL) Sets New 52-Week High - Time to Buy?

Key Points

• Shares of Seplat Energy hit a new 52-week high, trading as high as GBX 475.50 and last at GBX 461 on a volume of about 91,953 shares, with the stock up roughly 2%.
• Canaccord Genuity raised its price target from GBX 550 to GBX 570 and kept a Buy rating; the consensus from MarketBeat is a Buy with an average target of GBX 447.50.
• Seplat has a market cap of £2.77 billion, a PE of 13.33 and a debt-to-equity ratio of 61.26, and produced about 48,152 boepd in 9M 2023 as it positions itself in Nigeria’s energy transition.

Shares of Seplat Energy Plc (LON:SEPL - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 475.50 and last traded at GBX 461, with a volume of 91953 shares traded. The stock had previously closed at GBX 452.

Analyst Ratings Changes

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

Seplat Energy Stock Up 2.0%

The company has a market capitalization of £2.77 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 0.09 and a beta of 0.21. The firm's 50-day simple moving average is GBX 354.62 and its 200 day simple moving average is GBX 300.15. The company has a debt-to-equity ratio of 61.26, a quick ratio of 1.40 and a current ratio of 1.09.

About Seplat Energy

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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