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SEPLAT Petroleum Development Company PLC (GB:SEPL)
LSE:SEPL

SEPLAT Petroleum Development (SEPL) AI Stock Analysis

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GB

SEPLAT Petroleum Development

(LSE:SEPL)

Rating:79Outperform
Price Target:
257.00p
▲(9.13%Upside)
SEPLAT Petroleum Development's strong financial performance and positive corporate events significantly contribute to its overall stock score. The company shows robust revenue growth, profitability, and strategic corporate actions, positioning it well for future growth. Technical analysis and valuation are supportive, though not as strong as financials and corporate events.

SEPLAT Petroleum Development (SEPL) vs. iShares MSCI United Kingdom ETF (EWC)

SEPLAT Petroleum Development Business Overview & Revenue Model

Company DescriptionSeplat 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 energy generation activities. The company was formerly known as Seplat Petroleum Development Company Plc and changed its name to Seplat Energy Plc in May 2021. Seplat Energy Plc was incorporated in 2009 and is headquartered in Lagos, Nigeria.
How the Company Makes MoneySEPLAT Petroleum Development primarily generates revenue through the extraction and sale of crude oil and natural gas. The company's key revenue streams include the production and sale of oil and gas from its operated and non-operated assets in the Niger Delta. SEPLAT sells its oil and gas products to various local and international markets, leveraging its strategic partnerships with oil marketing companies, refineries, and utilities. Additionally, SEPLAT may engage in joint ventures and partnerships with other oil and gas companies to enhance its exploration and production capabilities. The company's earnings are significantly influenced by global oil prices, production levels, and operational efficiency, as well as regulatory and geopolitical factors in Nigeria.

SEPLAT Petroleum Development Financial Statement Overview

Summary
SEPLAT Petroleum Development shows strong financial performance with solid revenue growth and improving profitability margins. The balance sheet is stable with manageable leverage, and cash flow generation is robust, supporting future growth opportunities.
Income Statement
85
Very Positive
SEPLAT Petroleum Development's income statement reflects strong revenue growth in recent years, with a notable increase from $530 million in 2020 to $1.745 billion TTM. Gross profit margin remains robust at 45.3% TTM, indicating effective cost management. The net profit margin has improved significantly, reaching 9.88% TTM from a negative margin in 2020. EBIT and EBITDA margins are healthy at 34.0% and 48.5% TTM, respectively, demonstrating strong operational efficiency.
Balance Sheet
75
Positive
The company's balance sheet shows a solid equity base with an equity ratio of 29.6% TTM, suggesting a stable financial position. The debt-to-equity ratio stands at 0.62 TTM, which is manageable and reflects controlled leverage. Return on Equity (ROE) has improved to 9.31% TTM, showing enhanced profitability and effective use of equity. However, the company's total assets have slightly decreased, indicating potential risks if this trend continues.
Cash Flow
80
Positive
SEPLAT's cash flow statement reveals strong operating cash flow, with a healthy operating cash flow to net income ratio of 2.97 TTM. Free cash flow growth has been impressive, growing from $158 million in 2020 to $310 million TTM. The free cash flow to net income ratio is 1.80, indicating efficient conversion of profits into cash. The company is managing its capital expenditures effectively, supporting sustainable cash generation.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue1.75B1.12B1.06B951.79M733.19M530.47M
Gross Profit790.18M479.90M532.00M464.74M285.19M124.58M
EBITDA847.51M523.19M427.75M410.71M404.30M107.95M
Net Income172.53M153.35M83.13M104.71M141.78M-85.32M
Balance Sheet
Total Assets6.27B6.40B3.40B3.54B3.89B3.45B
Cash, Cash Equivalents and Short-Term Investments334.63M469.86M450.11M404.34M324.49M225.14M
Total Debt1.15B1.44B757.07M774.23M770.18M704.39M
Total Liabilities4.39B4.55B1.60B1.78B2.19B1.79B
Stockholders Equity1.85B1.83B1.77B1.78B1.77B1.70B
Cash Flow
Free Cash Flow310.38M101.86M261.14M323.56M199.96M158.79M
Operating Cash Flow511.68M310.00M445.07M498.89M369.84M308.72M
Investing Cash Flow-669.79M-658.94M-162.40M-280.95M-165.35M-203.52M
Financing Cash Flow166.27M409.59M-196.66M-137.03M-100.76M-217.44M

SEPLAT Petroleum Development Technical Analysis

Technical Analysis Sentiment
Positive
Last Price235.50
Price Trends
50DMA
209.55
Positive
100DMA
193.29
Positive
200DMA
195.16
Positive
Market Momentum
MACD
8.76
Positive
RSI
55.59
Neutral
STOCH
36.52
Neutral
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 235.5 is above the 20-day moving average (MA) of 233.17, above the 50-day MA of 209.55, and above the 200-day MA of 195.16, indicating a bullish trend. The MACD of 8.76 indicates Positive momentum. The RSI at 55.59 is Neutral, neither overbought nor oversold. The STOCH value of 36.52 is Neutral, 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

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
81
Outperform
£1.66B11.2217.50%9.71%-9.80%-1.98%
79
Outperform
£1.39B10.239.56%3.54%89.44%540.95%
GBSQZ
74
Outperform
£598.97M8.2011.29%13.12%-9.79%-46.17%
GBHBR
69
Neutral
£3.41B21.62-2.87%3.81%29.33%
GBITH
68
Neutral
£2.62B15.84-5.65%24.08%1.04%-156.59%
68
Neutral
$14.81B9.706.36%5.32%4.12%-71.24%
GBDEC
66
Neutral
£855.57M-16.60%7.86%-11.09%-110.76%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:SEPL
SEPLAT Petroleum Development
235.50
50.13
27.04%
GB:DEC
Diversified Energy Company
1,098.00
116.73
11.90%
GB:HBR
Harbour Energy
202.40
-78.28
-27.89%
GB:SQZ
Serica Energy
152.40
33.71
28.40%
GB:ENOG
Energean
900.00
-2.43
-0.27%
GB:ITH
Ithaca Energy PLC
158.20
57.43
56.99%

SEPLAT Petroleum Development Corporate Events

Executive/Board ChangesBusiness Operations and Strategy
Seplat Energy Grants LTIP Awards and Aligns Executive Interests
Neutral
May 30, 2025

Seplat Energy PLC has announced the granting of Long Term Incentive Plan (LTIP) awards to its Executive Directors for the 2025 financial year. These awards are contingent upon achieving specific performance targets and continued employment over a three-year period. Additionally, deferred share awards related to the 2024 annual performance bonus were granted, with shares set to vest by the end of 2026. The exercise of previously vested shares by key executives aligns their interests with shareholders, reinforcing Seplat’s commitment to performance-based incentives.

The most recent analyst rating on (GB:SEPL) stock is a Buy with a £2.50 price target. To see the full list of analyst forecasts on SEPLAT Petroleum Development stock, see the GB:SEPL Stock Forecast page.

Dividends
Seplat Energy Announces Q1 2025 Dividend Exchange Rate
Neutral
May 23, 2025

Seplat Energy PLC announced the currency exchange rate applicable for determining the Q1 2025 interim dividend for shareholders receiving payments in Naira. The exchange rate is set at US$1 = ₦1,584.9542, based on the CBN NFEM rate as of May 22, 2025. This announcement is significant for shareholders as it impacts the value of their dividend payments in local currency.

The most recent analyst rating on (GB:SEPL) stock is a Buy with a £2.50 price target. To see the full list of analyst forecasts on SEPLAT Petroleum Development stock, see the GB:SEPL Stock Forecast page.

Business Operations and Strategy
Seplat Energy Announces 2025 Capital Markets Day
Neutral
May 22, 2025

Seplat Energy Plc has announced its 2025 Capital Markets Day, scheduled for September 18, 2025, at the London Stock Exchange. The event aims to update analysts and investors on the company’s corporate strategy, medium-term outlook, and capital allocation policy, offering insights into its future operations and strategic positioning.

The most recent analyst rating on (GB:SEPL) stock is a Buy with a £2.50 price target. To see the full list of analyst forecasts on SEPLAT Petroleum Development stock, see the GB:SEPL Stock Forecast page.

Shareholder MeetingsDividendsFinancial Disclosures
Seplat Energy PLC Successfully Concludes Twelfth Annual General Meeting
Positive
May 15, 2025

Seplat Energy PLC held its Twelfth Annual General Meeting virtually, where all proposed resolutions were passed by the shareholders. Key resolutions included the approval of the audited financial statements for 2024, the declaration of a final dividend, the re-appointment of auditors, and the re-election of directors. Additionally, the shareholders approved an increase in the company’s issued share capital and amendments to the company’s Memorandum and Articles of Association. These decisions are expected to strengthen Seplat Energy’s financial position and support its strategic growth initiatives.

The most recent analyst rating on (GB:SEPL) stock is a Buy with a £2.50 price target. To see the full list of analyst forecasts on SEPLAT Petroleum Development stock, see the GB:SEPL Stock Forecast page.

Dividends
Seplat Energy Announces 2024 Dividend Exchange Rate
Neutral
May 9, 2025

Seplat Energy PLC announced the currency exchange rate applicable for determining the final and special dividend for 2024, with the rate set at 1 USD = 1,609.6357 NGN. This announcement is significant for shareholders receiving dividends in Naira, impacting their financial returns and reflecting the company’s ongoing financial strategies.

Executive/Board Changes
Seplat Energy Appoints New Senior Independent Non-Executive Director
Positive
Apr 30, 2025

Seplat Energy has appointed Mrs. Bashirat Odunewu as the new Senior Independent Non-Executive Director of its Board, succeeding Mr. Bello Rabiu. Mrs. Odunewu brings 30 years of experience in finance and banking, with a focus on corporate banking, energy, and infrastructure, and has been a significant contributor to Seplat Energy’s board since 2022. Her appointment is expected to enhance the company’s strategic insight and governance, further strengthening its position in the energy sector.

DividendsBusiness Operations and StrategyFinancial Disclosures
Seplat Energy Reports Strong Q1 2025 Performance with Increased Production and Revenue
Positive
Apr 28, 2025

Seplat Energy PLC reported robust financial and operational performance for the first quarter of 2025, with a significant increase in production and revenue. The company achieved a 167% rise in production compared to the previous year, driven by strong performance at the Oben and Sapele Gas Plants. Financially, Seplat’s revenue surged by 350% to $809 million, supported by a strong cash position that allowed for early debt repayment and an increased quarterly dividend. The company’s strategic focus on integrating its operations and maintaining a low leverage balance sheet positions it well for future growth, despite the unpredictable global economic outlook.

Dividends
Seplat Energy Declares Interim Dividend for 2025
Positive
Apr 28, 2025

Seplat Energy Plc announced an interim dividend of US4.6 cents per Ordinary Share, payable to shareholders registered by May 23, 2025. The dividend will be distributed in Naira and US Dollars, depending on shareholders’ holdings and documentation, with payments set to commence around June 6, 2025. This announcement reflects Seplat Energy’s ongoing commitment to returning value to its shareholders and may influence investor sentiment positively.

Executive/Board ChangesBusiness Operations and Strategy
Seplat Energy Announces Board Member Resignations Following NNPC Appointments
Neutral
Apr 28, 2025

Seplat Energy Plc announced the resignation of two board members, Mr. Bello Rabiu and Mr. Babs Omotowa, following their appointments to the Board of NNPC Limited. The company expressed gratitude for their contributions and wished them success in their new roles. This change reflects Seplat Energy’s ongoing strategic alignment and engagement with key industry stakeholders, potentially enhancing its influence and operations within the energy sector.

Shareholder MeetingsBusiness Operations and StrategyFinancial Disclosures
Seplat Energy Releases 2024 Annual Report and Announces Virtual AGM
Positive
Apr 11, 2025

Seplat Energy PLC has published its 2024 Annual Report and announced its twelfth Annual General Meeting to be held virtually on May 14, 2025. The report includes audited financial statements and management reports, highlighting the company’s strategic focus on asset integrity and risk management. The announcement underscores Seplat’s commitment to maintaining strong operational performance and financial stability, which is crucial for its stakeholders and future growth.

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.Date of analysis: Jun 27, 2025