Seplat Energy (LON:SEPL) Price Target Raised to GBX 960

Seplat Energy (LON:SEPL) had its target price lifted by Canaccord Genuity Group from GBX 900 to GBX 960 in a research report report published on Monday morning,Digital Look reports. The brokerage currently has a buy rating on the stock.

Separately, Citigroup boosted their price objective on Seplat Energy from GBX 665 to GBX 875 and gave the company a “buy” rating in a research note on Wednesday, September 9th. Two analysts have rated the stock with a Buy rating. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 917.50.

Seplat Energy Trading Down 2.0%

LON:SEPL opened at GBX 881 on Monday. The stock’s 50 day moving average price is GBX 799.90 and its 200 day moving average price is GBX 579.28. The company has a market capitalization of £5.29 billion, a PE ratio of 17.62, a P/E/G ratio of 0.09 and a beta of 0.11. The company has a quick ratio of 1.40, a current ratio of 1.16 and a debt-to-equity ratio of 46.97. Seplat Energy has a 52-week low of GBX 238 and a 52-week high of GBX 908.

Insider Buying and Selling

In other Seplat Energy news, insider Tony O. Elumelu acquired 6,000,000 shares of the company’s stock in a transaction on Wednesday, September 30th. The shares were bought at an average cost of GBX 887 per share, for a total transaction of £53,220,000. Corporate insiders own 37.98% of the company’s stock.

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.