Seplat Energy (LON:SEPL) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Seplat Energy Plc (LON:SEPL)’s stock price 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 ($2.14). 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 market cap of £1.26 billion, a P/E ratio of 15.69, a PEG ratio of 0.09 and a beta of 0.45. 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 business has a 50 day moving average price of GBX 197.73 and a 200-day moving average price of GBX 201.

Insiders Place Their Bets

In other Seplat Energy news, insider Udoma Udo Udoma bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average cost of GBX 200 ($2.58) per share, with a total value of £20,000 ($25,843.13). Insiders own 1.65% of the company’s stock.

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.