Seplat Energy (LON:SEPL) Stock Passes Below 200 Day Moving Average – Here’s Why

Seplat Energy Plc (LON:SEPL) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 201 ($2.60) and traded as low as GBX 166 ($2.15). Seplat Energy shares last traded at GBX 173 ($2.24), with a volume of 508,071 shares.

Seplat Energy Trading Down 2.0 %

The company has a current ratio of 1.48, a quick ratio of 1.40 and a debt-to-equity ratio of 43.24. The firm has a market cap of £1.26 billion, a PE ratio of 15.69, a P/E/G ratio of 0.09 and a beta of 0.45. The business has a fifty day moving average price of GBX 197.73 and a 200 day moving average price of GBX 201.

Insider Transactions at Seplat Energy

In other Seplat Energy news, insider Udoma Udo Udoma bought 10,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were acquired at an average price of GBX 200 ($2.58) per share, with a total value of £20,000 ($25,849.81). Corporate 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.