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SEPLAT Petroleum Development ( (GB:SEPL) ) has provided an announcement.
Seplat Energy has strengthened its capital markets support in the UK by appointing Canaccord Genuity and Peel Hunt as joint corporate brokers alongside existing adviser Citigroup Global Markets. The move reinforces the Nigerian independent energy producer’s engagement with international investors on both the Nigerian and London stock exchanges at a time when its expanded upstream and gas-processing portfolio is central to domestic power supply and to its positioning in Nigeria’s evolving energy transition landscape.
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. The company operates an enlarged portfolio of eleven onshore and shallow-water oil and gas blocks in the Niger Delta following its acquisition of Mobil Producing Nigeria Unlimited, and holds operated interests in export terminals including Qua Iboe, Yoho FSO and the Bonny River Terminal NGL recovery plant. It runs gas processing plants at Oben and Sapele and is set to commission the 300 MMscfd ANOH Gas Processing Plant in joint venture with NGIC, underpinning its role as a major supplier of natural gas to Nigeria’s domestic power generation market and its strategy to deliver affordable, reliable and sustainable energy in support of the energy transition.
Average Trading Volume: 133,680
Technical Sentiment Signal: Buy
Current Market Cap: £1.69B
For an in-depth examination of SEPL stock, go to TipRanks’ Overview page.