Seplat Energy (LON:SEPL) Price Target Raised to GBX 875

Seplat Energy (LON:SEPL) had its price objective increased by Citigroup from GBX 665 to GBX 875 in a research note issued to investors on Wednesday,Digital Look reports. The brokerage currently has a buy rating on the stock.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 690 price objective on shares of Seplat Energy in a research note on Thursday, July 30th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 782.50.

Seplat Energy Stock Up 1.2%

Shares of LON SEPL opened at GBX 777 on Wednesday. The stock has a market capitalization of £4.66 billion, a P/E ratio of 15.54, a PEG ratio of 0.09 and a beta of 0.11. Seplat Energy has a one year low of GBX 238 and a one year high of GBX 859. The firm’s 50 day simple moving average is GBX 614.93 and its two-hundred day simple moving average is GBX 549.39. The company has a debt-to-equity ratio of 47.14, a current ratio of 1.05 and a quick ratio of 1.40.

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.