Seplat Energy PLC traded at 572.00 this Friday July 24th, decreasing 20.00 or 3.38 percent since the previous trading session. Looking back, over the last four weeks, Seplat Energy lost 13.49 percent. Over the last 12 months, its price rose by 134.43 percent. Looking ahead, we forecast Seplat Energy PLC to be priced at 540.43 by the end of this quarter and at 501.67 in one year, according to Trading Economics global macro models projections and analysts expectations.
Seplat Energy PLC is a Nigeria-based indigenous energy company. The Company is engaged in oil and gas exploration and production, and gas processing activities. It is also focused on developing a power & new energy business. The Company operates through two segments: Oil and Gas. The Oil segment deals with the exploration, development, and production of crude oil. The Gas segment deals with the production and processing of gas. The Company’s energy portfolio consists of over seven oil and gas blocks in the prolific Niger Delta region of Nigeria, which it operates with partners including the Nigerian Government and other oil producers. The Company operates an approximately 465 million standard cubic feet per day (MMscfd) gas processing plant at Oben, in Oil Mining Lease4 (OML), and is building an approximately 300MMscfd Assa North-Ohaji South (ANOH) Gas Processing Plant in OML53, and an approximately 90MMscfd gas processing plant at Sapele in OML41.