Seplat Petroleum Development Company (DI) (SEPL)

Sector:

Energy Producers

105.50p
   
  • Change Today:
      1.00p
  • 52 Week High: 146.00
  • 52 Week Low: 99.75
  • Currency: UK Pounds
  • Shares Issued: 588.44m
  • Volume: 13,438
  • Market Cap: £620.81m
  • RiskGrade: 114

Seplat profits soar as oil and gas revenues improve

By Iain Gilbert

Date: Tuesday 30 Oct 2018

LONDON (ShareCast) - (Sharecast News) - Seplat Petroleum saw profits increase significantly throughout the third quarter of its trading year on the back of improved oil and gas revenues.
Pre-tax profits soared 281% to NGN 27.96bn (£60.4m) as contract revenues shot up 54% to NGN 68.91m (£148,677).

Third-quarter revenues from crude oil sales meanwhile increased 59% to NGN 56.15bn (£120.9m), while gas sales jumped 32% throughout the period to NGN 12.76bn (£27.49m).

Chief executive Austin Avuru, said: "Seplat has continued to deliver on its production targets which, combined with an oil price tailwind, has resulted in yet another consecutive quarter of very strong financial performance and profitability," said Austin Avuru, chief executive officer.

Seplat, which also declared an interim dividend of $0.05 per share, revealed that its nine-month working interest production came to 50,834 barrels of oil equivalent per day - which was within the firm's guided range for the full year for between 48,000 to 55,000.

Looking forward, Avuru added: "We plan to build on this performance in the coming quarters as we step up organic development activities across our existing portfolio with headroom to also capitalise on inorganic growth opportunities as and when they may arise, in line with our price disciplined approach."

As of 1420 BST, Seplat shares had picked up 2.81% to 128p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SEPL Market Data

Currency UK Pounds
Share Price 105.50p
Change Today 1.00p
% Change 0.96 %
52 Week High 146.00
52 Week Low 99.75
Volume 13,438
Shares Issued 588.44m
Market Cap £620.81m
RiskGrade 114

SEPL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
100.00% above the market average100.00% above the market average100.00% above the market average100.00% above the market average100.00% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
21.94% below the market average21.94% below the market average21.94% below the market average21.94% below the market average21.94% below the market average
5.77% above the sector average5.77% above the sector average5.77% above the sector average5.77% above the sector average5.77% above the sector average
Income
98.83% above the market average98.83% above the market average98.83% above the market average98.83% above the market average98.83% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
60.39% above the market average60.39% above the market average60.39% above the market average60.39% above the market average60.39% above the market average
46.88% above the sector average46.88% above the sector average46.88% above the sector average46.88% above the sector average46.88% above the sector average

What The Brokers Say

Strong Buy 11
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 11
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SEPL Dividends

  Latest Previous
  Final Special
Ex-Div 19-Mar-19 15-May-18
Paid 23-May-19 08-Jun-18
Amount 5.00¢ 5.00¢

Trades for 17-Sep-2019

Time Volume / Share Price
11:30 348 @ 105.50p
11:00 2,500 @ 105.00p
11:00 2,500 @ 105.00p
10:48 2,500 @ 105.00p
10:44 4,000 @ 104.50p

SEPL Key Personnel

CEO Austin Avuru
CFO Roger Thompson Brown

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