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

Seplat Energy Plc (LON:SEPL)’s share price 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.

Seplat Energy Trading 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’s fifty day simple moving average is GBX 207.87 and its 200-day simple moving average is GBX 199.89. The company has a market capitalization of £1.21 billion, a P/E ratio of 1,863.64, a PEG ratio of 0.09 and a beta of 0.45.

Seplat Energy Increases Dividend

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

Insiders Place Their Bets

In other news, insider Udoma Udo Udoma purchased 10,000 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was acquired at an average cost of GBX 200 ($2.45) per share, with a total value of £20,000 ($24,473.81). 1.65% of the stock is owned by company insiders.

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.