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Seplat Energy (LON:SEPL) Stock Passes Above 50-Day Moving Average - Should You Sell?

Seplat Energy logo with Energy background

Seplat Energy Plc (LON:SEPL - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 202.27 ($2.74) and traded as high as GBX 237 ($3.22). Seplat Energy shares last traded at GBX 237 ($3.22), with a volume of 257,507 shares trading hands.

Seplat Energy Price Performance

The company has a 50 day simple moving average of GBX 202.27 and a 200-day simple moving average of GBX 195.91. The stock has a market cap of £1.73 billion, a price-to-earnings ratio of 21.58, a PEG 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 related news, insider Babs Omotowa purchased 18,000 shares of the company's stock in a transaction dated Friday, March 28th. The shares were acquired at an average cost of GBX 177 ($2.40) per share, for a total transaction of £31,860 ($43,235.17). 1.65% of the stock is currently 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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