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The latest update is out from SEPLAT Petroleum Development ( (GB:SEPL) ).
Seplat Energy Plc has successfully completed the replacement of the Inlet Gas Exchanger module on its East Area Project platform offshore Nigeria. This project, completed on budget, significantly boosts the facility’s NGL sales volumes, which have more than doubled since the EAP complex restarted. The new module is crucial for efficient NGL processing, enhancing Seplat’s production capacity and supporting domestic energy access. The project underscores Seplat’s commitment to growth and value delivery for Nigeria and its stakeholders.
The most recent analyst rating on (GB:SEPL) stock is a Hold with a £270.00 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 Neutral.
SEPLAT Petroleum Development’s strong financial performance and attractive valuation are key strengths, supporting a positive outlook. However, bearish technical indicators suggest caution, as they indicate potential short-term downward pressure on the stock.
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 both the Nigerian Exchange Limited and London Stock Exchange. The company focuses on delivering affordable, reliable, and sustainable energy, with a portfolio that includes eleven oil and gas blocks in the Niger Delta region of Nigeria. Seplat Energy operates two large offshore NGL recovery plants and is a major supplier of natural gas to the domestic power generation market.
Average Trading Volume: 165,161
Technical Sentiment Signal: Buy
Current Market Cap: £1.49B
See more insights into SEPL stock on TipRanks’ Stock Analysis page.