Seplat Energy (LON:SEPL) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Seplat Energy Plc (LON:SEPL)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 195.34 ($2.64) and traded as high as GBX 227 ($3.07). Seplat Energy shares last traded at GBX 223.50 ($3.02), with a volume of 93,632 shares traded.

Seplat Energy Price Performance

The stock has a market capitalization of £1.63 billion, a P/E ratio of 20.27, a PEG ratio of 0.09 and a beta of 0.45. 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 stock’s fifty day moving average is GBX 195.34 and its 200-day moving average is GBX 195.41.

Insiders Place Their Bets

In other Seplat Energy news, insider Roger Thompson Brown purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of GBX 170 ($2.30) per share, with a total value of £85,000 ($114,989.18). Also, insider Babs Omotowa acquired 20,000 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were purchased at an average cost of GBX 177 ($2.39) per share, for a total transaction of £35,400 ($47,889.61). Insiders bought a total of 88,000 shares of company stock valued at $15,226,000 in the last quarter. Insiders own 1.65% 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.