Insider Buying: Seplat Energy Plc (LON:SEPL) Insider Purchases £31,860 in Stock

Seplat Energy Plc (LON:SEPL) insider Babs Omotowa acquired 18,000 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The stock was purchased at an average cost of GBX 177 ($2.29) per share, with a total value of £31,860 ($41,194.72).

Babs Omotowa also recently made the following trade(s):

• On Friday, March 14th, Babs Omotowa acquired 20,000 shares of Seplat Energy stock. The stock was acquired at an average cost of GBX 177 ($2.29) per share, with a total value of £35,400 ($45,771.92).

Seplat Energy Stock Down 1.4 %

SEPL stock opened at GBX 174 ($2.25) on Monday. The stock has a 50-day simple moving average of GBX 189.81 and a two-hundred day simple moving average of GBX 200.38. Seplat Energy Plc has a twelve month low of GBX 143 ($1.85) and a twelve month high of GBX 243 ($3.14). The firm has a market capitalization of £1.27 billion, a PE ratio of 15.78, a PEG ratio of 0.09 and a beta of 0.45. The company has a quick ratio of 1.40, a current ratio of 1.48 and a debt-to-equity ratio of 43.24.

Seplat Energy Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, May 8th will be given a dividend of $0.07 per share. This represents a yield of 3.04%. This is a boost from Seplat Energy’s previous dividend of $0.04. The ex-dividend date of this dividend is Thursday, May 8th. Seplat Energy’s payout ratio is presently 81.62%.

About Seplat Energy

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.