Seplat Energy (LON:SEPL) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Shares of Seplat Energy Plc (LON:SEPL) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 207.87 ($2.54) and traded as high as GBX 214 ($2.62). Seplat Energy shares last traded at GBX 205 ($2.51), with a volume of 70,687 shares trading hands.

Seplat Energy Stock Down 1.0 %

The company has a debt-to-equity ratio of 42.43, a quick ratio of 1.40 and a current ratio of 1.48. The company has a market capitalization of £1.21 billion, a PE ratio of 1,863.64, a PEG ratio of 0.09 and a beta of 0.45. The stock’s 50 day moving average is GBX 207.87 and its 200 day moving average is GBX 199.89.

Seplat Energy Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 11th were given a dividend of $0.04 per share. This is a boost from Seplat Energy’s previous dividend of $0.03. The ex-dividend date was Monday, November 11th. This represents a yield of 1.2%. Seplat Energy’s payout ratio is 8,181.82%.

Insider Buying and Selling at Seplat Energy

In other news, insider Udoma Udo Udoma acquired 10,000 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were acquired at an average price of GBX 200 ($2.45) per share, for a total transaction of £20,000 ($24,473.81). Company 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.