Seplat Energy (LON:SEPL) Stock Price Expected to Rise, Citigroup Analyst Says

Key Points

• Citigroup has raised its price target for Seplat Energy from GBX 250 to GBX 325, indicating a potential upside of 25% from the current stock price.
• Canaccord Genuity Group also issued a "buy" rating with a higher price target of GBX 456, supporting optimism for Seplat Energy's stock performance.
• Seplat Energy is Nigeria's top independent oil and gas producer, achieving production volumes of 48,152 barrels of oil equivalent per day in 9M 2023.

Seplat Energy (LON:SEPL - Get Free Report) had its price target upped by equities researchers at Citigroup from GBX 250 ($3.32) to GBX 325 ($4.32) in a research note issued on Monday,London Stock Exchange reports. The firm currently has a "buy" rating on the stock. Citigroup's price objective would suggest a potential upside of 25.00% from the company's current price.

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 456 ($6.05) price target on shares of Seplat Energy in a report on Thursday.

Seplat Energy Trading Down 0.2%

Shares of Seplat Energy stock opened at GBX 260 ($3.45) on Monday. Seplat Energy has a 1 year low of GBX 147 ($1.95) and a 1 year high of GBX 269.50 ($3.58). The company has a debt-to-equity ratio of 43.24, a current ratio of 1.48 and a quick ratio of 1.40. The business has a 50 day moving average price of GBX 232.35 and a 200 day moving average price of GBX 204.93. The company has a market capitalization of £1.90 billion, a P/E ratio of 23.58, a P/E/G ratio of 0.09 and a beta of 0.45.

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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