Seplat Energy Plc (LON:SEPL - Get Free Report)'s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 183.06 ($2.43) and traded as high as GBX 202 ($2.69). Seplat Energy shares last traded at GBX 202 ($2.69), with a volume of 40,402 shares traded.
Seplat Energy Trading Up 1.7%
The firm has a market capitalization of £1.47 billion, a P/E ratio of 18.32, a P/E/G ratio of 0.09 and a beta of 0.45. The company has a current ratio of 1.48, a quick ratio of 1.40 and a debt-to-equity ratio of 43.24. The company's fifty day moving average is GBX 185.21 and its 200-day moving average is GBX 196.75.
Seplat Energy Increases Dividend
The firm also recently declared a dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, May 8th will be issued 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 81.62%.
Insider Transactions at Seplat Energy
In related news, insider Babs Omotowa acquired 20,000 shares of the stock in a transaction dated Friday, March 14th. The shares were bought at an average cost of GBX 177 ($2.35) per share, for a total transaction of £35,400 ($47,074.47). Also, insider Roger Thompson Brown acquired 50,000 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of GBX 170 ($2.26) per share, with a total value of £85,000 ($113,031.91). In the last 90 days, insiders have purchased 88,000 shares of company stock worth $15,226,000. 1.65% of the stock is currently owned by company insiders.
About Seplat Energy
(
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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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