Seplat Energy (LON:SEPL) Shares Cross Above 50 Day Moving Average - Here's Why

Seplat Energy Plc (LON:SEPL - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 181.13 ($2.41) and traded as high as GBX 204 ($2.71). Seplat Energy shares last traded at GBX 199 ($2.64), with a volume of 140,153 shares.

Seplat Energy Price Performance

The business has a 50 day moving average of GBX 181.31 and a 200 day moving average of GBX 198.27. The company has a market cap of £1.43 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 0.09 and a beta of 0.45. The company has a debt-to-equity ratio of 43.24, a current ratio of 1.48 and a quick ratio of 1.40.

Seplat Energy Increases Dividend

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

Insider Buying and Selling

In other news, insider Roger Thompson Brown acquired 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average cost of GBX 170 ($2.26) per share, for a total transaction of £85,000 ($112,926.80). Also, insider Babs Omotowa purchased 20,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was acquired at an average price of GBX 177 ($2.35) per share, with a total value of £35,400 ($47,030.69). Insiders have bought a total of 88,000 shares of company stock valued at $15,226,000 over the last ninety days. Company insiders own 1.65% of the company's stock.

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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