Seplat Petroleum Development Company (DI) (SEPL)

Sector:

Energy Producers

62.00p
   
  • Change Today:
    -3.60p
  • 52 Week High: 134.00
  • 52 Week Low: 40.10
  • Currency: UK Pounds
  • Shares Issued: 588.44m
  • Volume: 39,104
  • Market Cap: £364.84m
  • RiskGrade: 617

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 62.00p
Change Today -3.60p
% Change -5.49 %
52 Week High 134.00
52 Week Low 40.10
Volume 39,104
Shares Issued 588.44m
Market Cap £364.84m
RiskGrade 617

SEPL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.72% above the market average94.72% above the market average94.72% above the market average94.72% above the market average94.72% above the market average
93.48% above the sector average93.48% above the sector average93.48% above the sector average93.48% above the sector average93.48% above the sector average
Price Trend
62.09% below the market average62.09% below the market average62.09% below the market average62.09% below the market average62.09% below the market average
14.00% above the sector average14.00% above the sector average14.00% above the sector average14.00% above the sector average14.00% above the sector average
Income
99.39% above the market average99.39% above the market average99.39% above the market average99.39% above the market average99.39% 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
81.02% above the market average81.02% above the market average81.02% above the market average81.02% above the market average81.02% above the market average
9.68% above the sector average9.68% above the sector average9.68% above the sector average9.68% above the sector average9.68% above the sector average

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 8
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 Interim
Ex-Div n/a 11-Nov-19
Paid 04-Jun-20 05-Dec-19
Amount 5.00¢ 5.00¢

Trades for 08-Apr-2020

Time Volume / Share Price
16:28 2 @ 60.00p
16:04 3,000 @ 62.40p
16:04 2,292 @ 62.40p
15:06 2,986 @ 62.40p
15:03 1,870 @ 62.40p

SEPL Key Personnel

CEO Austin Avuru
CFO Roger Thompson Brown

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