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SEPLAT Petroleum Development ( (GB:SEPL) ) has shared an announcement.
Seplat Energy has acknowledged a public announcement by founding investor Etablissements Maurel & Prom S.A. on the proposed sale of its 20.07% equity stake in the Nigerian producer to Heirs Energies Limited. While Seplat has yet to receive formal regulatory notification, it has signalled that further updates will follow, with the transaction potentially reshaping its shareholder base and underscoring ongoing portfolio and ownership shifts in Nigeria’s indigenous energy sector.
The most recent analyst rating on (GB:SEPL) stock is a Buy with a £285.00 price target. To see the full list of analyst forecasts on SEPLAT Petroleum Development stock, see the GB:SEPL Stock Forecast page.
Spark’s Take on GB:SEPL Stock
According to Spark, TipRanks’ AI Analyst, GB:SEPL is a Outperform.
SEPLAT Petroleum Development’s strong financial performance and attractive valuation are the main strengths, supporting a solid overall score. Technical indicators suggest potential bearish momentum, which slightly offsets the positive financial and valuation aspects.
To see Spark’s full report on GB:SEPL stock, click here.
More about SEPLAT Petroleum Development
Seplat Energy Plc is Nigeria’s leading indigenous energy company, listed on the Premium Board of the Nigerian Exchange and the Main Market of the London Stock Exchange. Following its acquisition of Mobil Producing Nigeria Unlimited, the company operates an enlarged portfolio of 11 oil and gas blocks in onshore and shallow-water Niger Delta fields, holds operated interests in three export terminals and the Bonny River Terminal NGL recovery plant, and runs major onshore gas processing plants at Oben and Sapele, with a new 300 MMscfd ANOH gas plant due to come onstream as a joint venture with NGIC, underpinning its role as a key supplier of natural gas to Nigeria’s domestic power generation market.
Average Trading Volume: 132,209
Technical Sentiment Signal: Buy
Current Market Cap: £1.7B
Find detailed analytics on SEPL stock on TipRanks’ Stock Analysis page.