SEPLAT Petroleum Development (SEPL) AI Stock Analysis

• Market Cap: £1.72B
• Dividend Yield: 3.32%
• Average Volume (3M): 188.71K
• Price to Earnings (P/E): 15.9
• Beta (1Y): 0.32
• Revenue Growth: 118.04%
• EPS Growth: 65.66%
• Country: UK
• Employees: 1,446
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): <0.01
• Shares Outstanding: 599,944,600
• 10 Day Avg. Volume: 185,805
• 30 Day Avg. Volume: 188,707
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £482.50
• Price Target Upside: 68.12% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 70 Outperform
• Price Target: 312.00p ▲(8.71% Upside)

SEPLAT Petroleum Development's strong financial performance and stable valuation are the primary drivers of its score. The technical analysis suggests potential for price improvement, although current momentum is neutral. The absence of earnings call and corporate events data does not impact the overall assessment.

SEPLAT Petroleum Development Business Overview & Revenue Model

Company Description

SEPLAT Petroleum Development Company Plc is a leading independent oil and gas company in Nigeria, primarily engaged in the exploration, development, and production of oil and gas. The company operates primarily in the Niger Delta region and has a diverse portfolio of onshore and shallow-water assets. SEPLAT's core products include crude oil and natural gas, which are essential for both domestic and international markets, and the company is committed to sustainable practices and local community development.

How the Company Makes Money

SEPLAT generates revenue primarily through the sale of crude oil and natural gas. The company produces oil from its operated and non-operated assets, selling it to both local and international buyers. Key revenue streams include production sharing agreements and joint venture arrangements with major oil companies, which allow SEPLAT to benefit from shared resources and expertise. Additionally, the company capitalizes on gas production by supplying natural gas to power generation companies in Nigeria, contributing to the country's energy needs. Strategic partnerships with international oil companies and local stakeholders enhance its operational efficiency and market reach, further solidifying its revenue base.

SEPLAT Petroleum Development Financial Statement Overview

Summary

SEPLAT Petroleum Development exhibits strong financial performance with robust revenue growth and effective cash flow management. The company's moderate leverage and stable balance sheet are positive, but there is room for improvement in net profitability and return on equity.

Income Statement

SEPLAT Petroleum Development has shown strong revenue growth with a 39.95% increase in TTM, indicating a robust expansion trajectory. The gross profit margin of 35.50% and EBIT margin of 25.74% reflect solid operational efficiency, although the net profit margin of 5.68% suggests room for improvement in profitability. Historical data shows fluctuating margins, with a notable decline in net profit margin from 13.74% in 2024 to 5.68% in TTM.

Balance Sheet

The company's debt-to-equity ratio of 0.65 in TTM indicates moderate leverage, which is a positive sign of financial stability compared to the higher ratio of 0.79 in 2024. Return on equity (ROE) is at 7.71%, showing a slight decrease from 8.39% in 2024, suggesting a need for improved profitability. The equity ratio remains stable, indicating a balanced capital structure.

Cash Flow

SEPLAT's cash flow performance is strong, with a significant free cash flow growth of 105.25% in TTM, reflecting enhanced cash generation capabilities. The operating cash flow to net income ratio of 0.59 and free cash flow to net income ratio of 0.71 demonstrate effective cash conversion, although there is potential for further improvement in aligning cash flows with net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.44B	1.12B	1.06B	951.79M	733.19M	530.47M
Gross Profit	867.24M	479.90M	532.00M	464.74M	285.19M	124.58M
EBITDA	1.31B	523.19M	427.75M	410.71M	404.30M	107.95M
Net Income	138.73M	153.35M	83.13M	104.71M	141.78M	-85.32M
Balance Sheet
Total Assets	6.12B	6.40B	3.40B	3.54B	3.89B	3.45B
Cash, Cash Equivalents and Short-Term Investments	419.36M	469.86M	450.11M	404.34M	324.49M	225.14M
Total Debt	1.17B	1.44B	757.07M	774.23M	770.18M	704.39M
Total Liabilities	4.31B	4.55B	1.60B	1.78B	2.19B	1.79B
Stockholders Equity	1.79B	1.83B	1.77B	1.78B	1.77B	1.70B
Cash Flow
Free Cash Flow	637.03M	101.86M	261.14M	323.56M	199.96M	158.79M
Operating Cash Flow	892.35M	310.00M	445.07M	498.89M	369.84M	308.72M
Investing Cash Flow	-747.45M	-658.94M	-162.40M	-280.95M	-165.35M	-203.52M
Financing Cash Flow	-122.56M	409.59M	-196.66M	-137.03M	-100.76M	-217.44M

SEPLAT Petroleum Development Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 287.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SEPL, the sentiment is Neutral. The current price of 287 is below the 20-day moving average (MA) of 295.52, above the 50-day MA of 273.95, and above the 200-day MA of 219.94, indicating a neutral trend. The MACD of 3.40 indicates Positive momentum. The RSI at 49.93 is Neutral, neither overbought nor oversold. The STOCH value of 39.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:SEPL.

SEPLAT Petroleum Development Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ENOG	78 Outperform	£1.76B	10.78	17.24%	5.68%	-2.66%	0.11%
SEPL	70 Outperform	£1.72B	15.87	7.92%	3.32%	118.04%	65.66%
ITH	67 Neutral	£3.48B	-28.03	-7.04%	12.57%	31.96%	-159.27%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
SQZ	65 Neutral	£813.56M	-31.75	-4.31%	7.73%	-32.89%	-239.58%
HBR	63 Neutral	£3.67B	-9.71	-11.32%	7.90%	123.03%	-330.89%
DEC	51 Neutral	£765.17M	-4.87	-22.53%	8.28%	56.20%	-185.69%

SEPLAT Petroleum Development Corporate Events

Seplat Energy Unveils Ambitious Growth Plans and New Dividend Policy

Seplat Energy Plc announced ambitious targets at its Capital Markets Day, including a 50% increase in production volume by 2030 and a significant rise in cash flow from operations. The company plans to invest heavily in new wells and gas projects while reducing operating costs. A new dividend policy aims to return 40-50% of free cash flow to investors, with a minimum annual distribution of $120 million. The updated Competent Person’s Report shows substantial increases in reserves and resources, strengthening Seplat’s position in the energy sector. Discussions are ongoing with the Nigerian National Petroleum Company Limited regarding a potential sell-down in their joint venture.

The most recent analyst rating on (GB:SEPL) stock is a Buy with a £307.00 price target. To see the full list of analyst forecasts on SEPLAT Petroleum Development stock, see the GB:SEPL Stock Forecast page.

Seplat Energy Announces Q2 2025 Dividend Exchange Rate

Seplat Energy PLC has announced the currency exchange rate for its Q2 2025 interim dividend, applicable to shareholders receiving payments in Naira. The exchange rate, set by the Central Bank of Nigeria, is US$1 to ₦1,537.09, impacting the dividend calculations for shareholders opting for Naira payments.

The most recent analyst rating on (GB:SEPL) stock is a Buy with a £4.50 price target. To see the full list of analyst forecasts on SEPLAT Petroleum Development stock, see the GB:SEPL Stock Forecast page.

Seplat Energy Expands Share Capital with New Listing

Seplat Energy Plc announced the issuance and admission of 11.5 million new ordinary shares following approvals from the Nigerian Corporate Affairs Commission and the Securities and Exchange Commission. These shares will be listed on both the Nigerian Exchange Limited and the London Stock Exchange, increasing the company’s issued share capital to 599,944,561 ordinary shares. This move is part of the company’s strategy to enhance its long-term incentive plan for employees and strengthen its market presence.

The most recent analyst rating on (GB:SEPL) stock is a Buy with a £456.00 price target. To see the full list of analyst forecasts on SEPLAT Petroleum Development stock, see the GB:SEPL Stock Forecast page.

Seplat Energy Reports Robust H1 2025 Performance with Increased Production and Revenue

Seplat Energy Plc reported strong financial and operational performance for the first half of 2025, with a significant increase in production and revenue. The company generated $766 million in cash flow from operations, reduced net debt, and declared a dividend of $4.6c/share for Q2 2025. Production averaged 134,492 boepd, a 178% increase from the previous year, with notable contributions from both onshore and offshore operations. Seplat’s strategic focus on production improvement and cost management has resulted in improved financial metrics and credit ratings, positioning the company well for future growth and stability.

The most recent analyst rating on (GB:SEPL) stock is a Buy with a £4.50 price target. To see the full list of analyst forecasts on SEPLAT Petroleum Development stock, see the GB:SEPL Stock Forecast page.

Seplat Energy Declares Interim Dividend for 2025

Seplat Energy Plc announced an interim dividend of US4.6 cents per Ordinary Share, payable to shareholders registered by August 13, 2025. The dividend will be paid in Naira and US Dollars, with specific conditions for currency selection based on shareholders’ holdings and documentation. This announcement reflects Seplat’s ongoing commitment to delivering value to its shareholders and maintaining its strong market position.

The most recent analyst rating on (GB:SEPL) stock is a Buy with a £4.50 price target. To see the full list of analyst forecasts on SEPLAT Petroleum Development stock, see the GB:SEPL Stock Forecast page.