Seplat Energy (LON:SEPL) Shares Cross Above Fifty Day Moving Average - What's Next?

Seplat Energy Plc (LON:SEPL - Get Free Report)'s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 186.83 ($2.54) and traded as high as GBX 204.50 ($2.77). Seplat Energy shares last traded at GBX 204.50 ($2.77), with a volume of 159,118 shares.

Seplat Energy Stock Performance

The company has a quick ratio of 1.40, a current ratio of 1.48 and a debt-to-equity ratio of 43.24. The stock has a market cap of £1.48 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 0.09 and a beta of 0.45. The company's 50-day simple moving average is GBX 188.26 and its 200-day simple moving average is GBX 195.57.

Seplat Energy Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, May 23rd. Shareholders of record on Thursday, May 8th were given a $0.07 dividend. This is a positive change from Seplat Energy's previous dividend of $0.04. The ex-dividend date was Thursday, May 8th. This represents a yield of 3.04%. Seplat Energy's payout ratio is 81.62%.

Insiders Place Their Bets

In other news, insider Babs Omotowa bought 18,000 shares of the business's stock in a transaction on Friday, March 28th. The shares were bought at an average cost of GBX 177 ($2.40) per share, with a total value of £31,860 ($43,229.31). Also, insider Roger Thompson Brown bought 50,000 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of GBX 170 ($2.31) per share, for a total transaction of £85,000 ($115,332.43). Over the last 90 days, insiders have acquired 88,000 shares of company stock worth $15,226,000. 1.65% of the stock is owned by insiders.

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.