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Seplat Energy (LON:SEPL) Share Price Passes Above Fifty Day Moving Average - What's Next?

Seplat Energy logo with Energy background

Seplat Energy Plc (LON:SEPL - Get Free Report)'s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 195.34 ($2.64) and traded as high as GBX 227 ($3.07). Seplat Energy shares last traded at GBX 223.50 ($3.02), with a volume of 93,632 shares trading hands.

Seplat Energy Stock Up 0.7%

The firm has a fifty day moving average of GBX 195.34 and a 200 day moving average of GBX 195.41. The stock has a market cap of £1.63 billion, a PE ratio of 20.27, 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.

Insider Buying and Selling at Seplat Energy

In other news, insider Roger Thompson Brown purchased 50,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of GBX 170 ($2.30) per share, with a total value of £85,000 ($114,989.18). Also, insider Babs Omotowa purchased 20,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were purchased at an average cost of GBX 177 ($2.39) per share, for a total transaction of £35,400 ($47,889.61). Insiders have purchased a total of 88,000 shares of company stock worth $15,226,000 in the last quarter. 1.65% of the stock is owned by insiders.

Seplat Energy Company Profile

(Get Free Report)

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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