Seplat Energy (LON:SEPL) Earns “Buy” Rating from Canaccord Genuity Group

Seplat Energy (LON:SEPL)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity Group in a note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 550 price target on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 72.55% from the stock’s current price.

Seplat Energy Trading Down 4.9%

LON:SEPL opened at GBX 318.75 on Tuesday. The firm has a market capitalization of £1.91 billion, a P/E ratio of 9.22, a P/E/G ratio of 0.09 and a beta of 0.45. The business has a 50 day simple moving average of GBX 269.24 and a 200 day simple moving average of GBX 267.36. 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 has a 12-month low of GBX 152.80 and a 12-month high of GBX 339.

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. Our goal is to help meet the energy needs of Nigeria’s rapidly growing population by providing accessible, reliable and sustainable energy, at the same time increasing shareholder value.