Seplat Energy (LON:SEPL) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Shares of Seplat Energy Plc (LON:SEPL) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 399.51 and traded as high as GBX 465. Seplat Energy shares last traded at GBX 463, with a volume of 1,059,190 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their target price on Seplat Energy from GBX 550 to GBX 570 and gave the stock a “buy” rating in a report on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Seplat Energy presently has a consensus rating of “Buy” and a consensus price target of GBX 447.50.

Seplat Energy Stock Up 0.2%

The stock has a market capitalization of £2.78 billion, a P/E ratio of 13.39, a PEG ratio of 0.09 and a beta of 0.21. The company has a debt-to-equity ratio of 61.26, a current ratio of 1.09 and a quick ratio of 1.40. The stock’s fifty day moving average is GBX 399.51 and its two-hundred day moving average is GBX 318.90.

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.