Seplat Energy (LON:SEPL) Reaches New 1-Year High – Should You Buy?

Seplat Energy Plc (LON:SEPL) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 343 and last traded at GBX 336.36, with a volume of 8510 shares changing hands. The stock had previously closed at GBX 334.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 550 target price on shares of Seplat Energy in a research note on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Seplat Energy presently has a consensus rating of “Buy” and a consensus target price of GBX 437.50.

Seplat Energy Price Performance

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 firm has a market capitalization of £1.99 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 0.09 and a beta of 0.45. The stock has a 50 day moving average price of GBX 278.28 and a two-hundred day moving average price of GBX 271.99.

About Seplat Energy

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.