SEPLAT Petroleum Development Company PLC (GB:SEPL)
LSE:SEPL
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SEPLAT Petroleum Development
(LSE:SEPL)
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Rating:71Outperform
Price Target:
654.00 p
▲(28.49% Upside)
Action:ReiteratedDate:05/02/26
The score is primarily supported by strong and improving cash-flow performance, partially offset by thin/volatile net margins and only moderate balance-sheet strength. Technically, the uptrend is strong but indicators are overextended, increasing near-term pullback risk. Valuation appears broadly neutral with a mid-range P/E and modest dividend yield.
Positive Factors
Cash Generation
Sustained high operating and free cash flow provides durable internal funding for maintenance capex, debt service and shareholder returns. The material improvement versus 2024 signals better cash conversion and working-capital/capex discipline, increasing financial resilience through cycles.
Negative Factors
Net Margin Volatility
Thin and inconsistent net margins indicate that non-operating items, taxes, royalties and one-offs materially affect bottom-line profitability. This reduces predictability of net earnings and complicates long-term planning for distributions and reinvestment despite strong operating cash flow.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Sustained high operating and free cash flow provides durable internal funding for maintenance capex, debt service and shareholder returns. The material improvement versus 2024 signals better cash conversion and working-capital/capex discipline, increasing financial resilience through cycles.
Read all positive factors
SEPLAT Petroleum Development (SEPL) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£3.36B
Dividend Yield5.64%
Average Volume (3M)188.71K
Price to Earnings (P/E)28.8
Beta (1Y)-0.02
Revenue Growth49.70%
EPS Growth-5.56%
CountryUK
Employees1,446
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.29
Shares Outstanding599,944,600
10 Day Avg. Volume185,805
30 Day Avg. Volume188,707
Financial Highlights & Ratios
PEG Ratio3.60
Price to Book (P/B)1.24
Price to Sales (P/S)0.81
P/FCF Ratio2.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£675.00Price Target Upside32.61% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.33
Revenue Forecast (FY)£3.18B
SEPLAT Petroleum Development Business Overview & Revenue Model
Company Description
Seplat Energy Plc engages in the oil and gas exploration and production, and gas processing activities in Nigeria. It generates hydrocarbon through seven oil and gas blocks in the Niger Delta region. The company also engages in the renewable energ...
How the Company Makes Money
SEPLAT makes money primarily by producing and selling hydrocarbons from its operated and non-operated upstream assets in Nigeria. Its main revenue streams are: (1) Crude oil and condensate sales: SEPLAT sells produced liquids into export or domest...
SEPLAT Petroleum Development Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.11B | 2.78B | 1.12B | 1.06B | 951.79M | 733.19M |
| Gross Profit | 962.23M | 833.09M | 479.90M | 532.00M | 464.74M | 285.19M |
| EBITDA | 1.49B | 1.27B | 523.19M | 427.75M | 410.71M | 404.30M |
| Net Income | 176.91M | 163.50M | 153.35M | 83.13M | 104.71M | 141.78M |
Balance Sheet | ||||||
| Total Assets | 6.16B | 6.08B | 6.40B | 3.40B | 3.54B | 3.89B |
| Cash, Cash Equivalents and Short-Term Investments | 461.68M | 458.84M | 469.86M | 450.11M | 404.34M | 324.49M |
| Total Debt | 1.06B | 1.12B | 1.44B | 757.07M | 774.23M | 770.18M |
| Total Liabilities | 4.30B | 4.24B | 4.55B | 1.60B | 1.78B | 2.19B |
| Stockholders Equity | 1.84B | 1.83B | 1.83B | 1.77B | 1.78B | 1.77B |
Cash Flow | ||||||
| Free Cash Flow | 1.14B | 821.43M | 101.86M | 261.14M | 323.56M | 199.96M |
| Operating Cash Flow | 1.48B | 1.09B | 310.00M | 445.07M | 498.89M | 369.84M |
| Investing Cash Flow | -621.36M | -624.43M | -658.94M | -162.40M | -280.95M | -165.35M |
| Financing Cash Flow | -405.64M | -619.55M | 409.59M | -196.66M | -137.03M | -100.76M |
SEPLAT Petroleum Development Technical Analysis
Positive
509.00
Price Trends
448.63
Positive
367.25
Positive
313.99
Positive
Market Momentum
20.32
Negative
62.41
Neutral
87.51
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SEPL, the sentiment is Positive. The current price of 509 is above the 20-day moving average (MA) of 489.50, above the 50-day MA of 448.63, and above the 200-day MA of 313.99, indicating a bullish trend. The MACD of 20.32 indicates Negative momentum. The RSI at 62.41 is Neutral, neither overbought nor oversold. The STOCH value of 87.51 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:SEPL.
SEPLAT Petroleum Development Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | £3.36B | 28.81 | 9.72% | 5.64% | 49.70% | -5.56% | |
70 Outperform | £4.34B | 26.07 | -3.13% | 14.05% | 41.95% | -140.18% | |
69 Neutral | £5.09B | -136.53 | -4.05% | 8.77% | 57.55% | -54.80% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | £824.57M | 3.09 | 40.22% | 10.49% | ― | ― | |
63 Neutral | £1.03B | -19.56 | -7.42% | 9.30% | -20.00% | -154.63% | |
58 Neutral | £1.57B | -1.49 | -65.81% | 10.99% | 27.35% | -228.25% |
* Energy Sector Average
GB:SEPL
SEPLAT Petroleum Development
560.00
368.42
192.31%
GB:DEC
Diversified Energy Company
1,152.00
216.43
23.13%
GB:HBR
Harbour Energy
279.40
116.38
71.39%
GB:SQZ
Serica Energy
263.00
135.17
105.74%
GB:ENOG
Energean
848.00
6.46
0.77%
GB:ITH
Ithaca Energy PLC
262.20
136.48
108.57%
SEPLAT Petroleum Development Corporate Events
Business Operations and StrategyDividendsFinancial DisclosuresPrivate Placements and Financing
Seplat Energy lifts Q1 dividend as cash flow strengthens despite onshore disruptions
Positive
Apr 30, 2026
Seplat Energy reported first-quarter 2026 unaudited results showing average working interest production of 129,841 boepd, slightly down year-on-year but up quarter-on-quarter, as offshore output and NGL volumes offset onshore disruptions from unpl...
Business Operations and StrategyDividends
Seplat Energy Announces Interim and Special Dividends for Q1 2026
Positive
Apr 30, 2026
Seplat Energy has declared an interim dividend of 5 US cents and a special dividend of 4 US cents per ordinary share for the period ended March 31, 2026, payable to shareholders on the register as of June 5, 2026. The move underlines the company&#...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Seplat Energy publishes 2025 annual report and sets date for virtual AGM
Neutral
Apr 20, 2026
Seplat Energy has published its Annual Report and Accounts for the year ended 31 December 2025, alongside the notice of its thirteenth Annual General Meeting, which will be held virtually on 20 May 2026. The documents, including proxy forms, are a...
Business Operations and StrategyDividendsFinancial Disclosures
Seplat Energy’s Offshore Expansion Powers Surging 2025 Earnings and Higher Dividends
Positive
Feb 26, 2026
Seplat Energy reported a transformative 2025, with average production surging 148% to 131,506 boepd on the first full year of offshore consolidation and stronger onshore output, while emissions intensity on onshore assets fell 24%. The ANOH gas pl...
DividendsShareholder Meetings
Seplat Energy Announces Final and Special Dividends for 2025
Positive
Feb 26, 2026
Seplat Energy Plc has declared a final dividend of US5 cents and a special dividend of US3.3 cents per ordinary share for the year ended December 31, 2025, payable to shareholders on record as of May 15, 2026. The dividends, which will be distribu...
Business Operations and StrategyFinancial Disclosures
Seplat Energy Sets Date for Full-Year 2025 Results and Webcast
Neutral
Feb 12, 2026
Seplat Energy Plc has announced it will publish its full year 2025 financial results on Thursday, 26 February 2026, providing investors and analysts with an updated view of the company’s operational and financial performance. The disclosure ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.