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SEPLAT Petroleum Development ( (GB:SEPL) ) has provided an announcement.
Seplat Energy Plc announced ambitious targets at its Capital Markets Day, including a 50% increase in production volume by 2030 and a significant rise in cash flow from operations. The company plans to invest heavily in new wells and gas projects while reducing operating costs. A new dividend policy aims to return 40-50% of free cash flow to investors, with a minimum annual distribution of $120 million. The updated Competent Person’s Report shows substantial increases in reserves and resources, strengthening Seplat’s position in the energy sector. Discussions are ongoing with the Nigerian National Petroleum Company Limited regarding a potential sell-down in their joint venture.
The most recent analyst rating on (GB:SEPL) stock is a Buy with a £307.00 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 positive technical indicators are the primary drivers of its high stock score. The company’s strategic corporate events further enhance its market position, while a reasonable valuation supports a positive investment outlook.
To see Spark’s full report on GB:SEPL stock, click here.
More about SEPLAT Petroleum Development
Seplat Energy Plc is a leading Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange. The company focuses on energy production and has recently expanded its operations with the acquisition of Mobil Producing Nigeria Unlimited, now known as Seplat Energy Producing Nigeria Unlimited.
Average Trading Volume: 211,766
Technical Sentiment Signal: Buy
Current Market Cap: £1.57B
Learn more about SEPL stock on TipRanks’ Stock Analysis page.