Seplat Energy (LON:SEPL) Shares Cross Above 50-Day Moving Average – What’s Next?

Seplat Energy Plc (LON:SEPL) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 499.52 and traded as high as GBX 575. Seplat Energy shares last traded at GBX 567, with a volume of 110,211 shares changing hands.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SEPL shares. Citigroup lifted their price target on Seplat Energy from GBX 415 to GBX 655 and gave the company a “buy” rating in a report on Tuesday, April 28th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 695 price objective on shares of Seplat Energy in a research report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 675.

Seplat Energy Stock Performance

The company has a market capitalization of £3.40 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 0.09 and a beta of 0.14. The company has a quick ratio of 1.40, a current ratio of 1.18 and a debt-to-equity ratio of 57.57. The company’s 50 day simple moving average is GBX 499.52 and its two-hundred day simple moving average is GBX 373.69.

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.