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SEPLAT Petroleum Development ( (GB:SEPL) ) has provided an update.
Seplat Energy has announced a board reshuffle following the divestment of Maurel et Prom’s 20.07% stake to Heirs Holdings and Heirs Energies, with Maurel et Prom nominee Olivier Cleret De Langavant stepping down as non-executive director after six years of service. In his place, the company has appointed prominent investor and philanthropist Tony O. Elumelu, founder and chairman of Heirs Holdings and chairman of UBA Group, Heirs Energies and Transcorp, a move that is expected to deepen Seplat’s alignment with its new shareholder base and support its strategic focus on sustainable growth and value creation across Nigeria’s evolving energy sector.
The most recent analyst rating on (GB:SEPL) stock is a Buy with a £380.00 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.
The score is driven primarily by solid financial performance, led by strong cash flow growth and healthy operating margins, with manageable leverage. Technicals show an uptrend, but overbought signals reduce the technical score. Valuation is supportive due to a moderate P/E and a strong dividend yield.
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 eleven oil and gas blocks in onshore and shallow-water Niger Delta fields, holds interests in key export terminals and offshore NGL recovery plants, and runs three major gas processing facilities, positioning it as a leading supplier of natural gas to Nigeria’s domestic power generation market and a key player in the country’s energy transition agenda.
Average Trading Volume: 434,412
Technical Sentiment Signal: Buy
Current Market Cap: £1.92B
For a thorough assessment of SEPL stock, go to TipRanks’ Stock Analysis page.