Seplat Energy (LON:SEPL) Stock Price Passes Below Two Hundred Day Moving Average - Time to Sell?

Seplat Energy Plc (LON:SEPL - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 201 ($2.59) and traded as low as GBX 166 ($2.14). Seplat Energy shares last traded at GBX 173 ($2.23), with a volume of 508,071 shares.

Seplat Energy Trading Up 3.6 %

The stock has a market cap of £1.27 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 0.09 and a beta of 0.45. The company has a debt-to-equity ratio of 43.24, a quick ratio of 1.40 and a current ratio of 1.48. The company's 50-day moving average price is GBX 197.25 and its 200 day moving average price is GBX 200.90.

Insider Activity

In related news, insider Udoma Udo Udoma bought 10,000 shares of the company's stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average price of GBX 200 ($2.57) per share, for a total transaction of £20,000 ($25,749.97). Corporate insiders own 1.65% of the company's stock.

Seplat Energy Company Profile

Seplat Energy is Nigeria's leading indigenous, independent oil and gas producer, producing oil and gas production volumes of 48,152 barrels of oil equivalent per day (boepd) in 9M 2023, including 117 MMscfd (20,083 boepd) of processed natural gas for domestic power generation in 9M 2023. Seplat Energy is focused on powering Nigeria's energy transition.