Canaccord Genuity Group Reiterates Buy Rating for Seplat Energy (LON:SEPL)

Seplat Energy (LON:SEPL)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a research report issued to clients and investors on Tuesday, MarketBeat reports. They presently have a GBX 550 target price on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 65.41% from the company’s previous close.

Seplat Energy Stock Performance

LON:SEPL opened at GBX 332.50 on Tuesday. The firm has a 50 day simple moving average of GBX 271.19 and a 200-day simple moving average of GBX 268.49. 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 cap of £1.99 billion, a PE ratio of 9.62, a P/E/G ratio of 0.09 and a beta of 0.45. Seplat Energy has a 1-year low of GBX 152.80 and a 1-year high of GBX 342.50.

Key Stories Impacting Seplat Energy

Here are the key news stories impacting Seplat Energy this week:

• Positive Sentiment: Seplat announced the ANOH project achieved first gas and has commenced production — a major operational milestone that adds near-term gas volumes and revenue optionality. ANOH project has achieved first gas, commenced production, says Seplat
• Positive Sentiment: Reports say ANOH can deliver ~300 MMscfd and has begun supplying customers — increasing cash flow visibility and strengthening Seplat’s gas commercialisation story. Seplat’s 300 MMscfd ANOH Project Achieves First Gas
• Positive Sentiment: Coverage indicates ANOH has already delivered gas to industrial customers (Indorama) and Seplat reactivated wells to support supply — evidence of immediate commercialisation and customer take-or-pay potential. Seplat’s ANOH project delivers first gas to Indorama, reactivates four wells
• Positive Sentiment: Analyst support: Canaccord Genuity reaffirmed a “buy” rating on SEPL with a GBX 550 price target, adding institutional validation to upside expectations. Digital Look
• Positive Sentiment: Market momentum: coverage notes Seplat hit a new 52-week high recently, reflecting growing investor optimism around its gas transition and cash generation. Seplat Energy (LON:SEPL) Hits New 52-Week High – Here’s What Happened
• Positive Sentiment: Seplat says completion of projects to end routine gas flaring in Nigeria is on track, which supports ESG credentials and may reduce regulatory/operational risk. Nigeria: Seplat – All Projects to End Routine Gas Flaring in Nigeria Completed in 2025
• Neutral Sentiment: Analyst/retail commentary pieces are recommending SEPL be on watchlists — helpful for liquidity and interest but not immediate fundamentals. Should You Be Adding Seplat Energy (LON:SEPL) To Your Watchlist Today?
• Neutral Sentiment: Sector note: local oil firms face funding constraints as ambitions outstrip capital — a macro/sector headwind that could complicate expansion or funding timing, though Seplat’s ANOH start mitigates some near-term risk. Local oil firms face funding hurdle as ambitions outstrip capital

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.