Seplat Energy (LON:SEPL) Shares Down 22.5% - Here's Why

Shares of Seplat Energy Plc (LON:SEPL - Get Free Report) dropped 22.5% on Tuesday . The company traded as low as GBX 147 ($1.88) and last traded at GBX 161.27 ($2.06). Approximately 1,936,412 shares traded hands during mid-day trading, an increase of 778% from the average daily volume of 220,538 shares. The stock had previously closed at GBX 208 ($2.66).

Seplat Energy Stock Performance

The company has a current ratio of 1.48, a quick ratio of 1.40 and a debt-to-equity ratio of 42.43. The stock has a market capitalization of £1.06 billion, a PE ratio of 1,636.36, a PEG ratio of 0.09 and a beta of 0.45. The business's 50 day moving average is GBX 215.70 and its 200 day moving average is GBX 198.65.

Seplat Energy Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 11th were paid a $0.04 dividend. The ex-dividend date was Monday, November 11th. This is a positive change from Seplat Energy's previous dividend of $0.03. This represents a yield of 1.2%. Seplat Energy's dividend payout ratio is 8,181.82%.

Seplat Energy Company Profile

Seplat Energy Plc engages in the oil and gas exploration and production, and gas processing activities in Nigeria, the Bahamas, Italy, Switzerland, Barbados, and England. It operates through two segments, Oil and Gas. The Oil segment explores, develops, and produces crude oil. Its Gas segment produces and processes gas.