Seplat Energy Trades at 52-Week High Ahead of Q1 Earnings
Seplat Energy Plc market price has steadied at N3370 per share, its 52-week high ahead of the company earnings announcement on Monday, April 29, 2024. The energy stock is not for the faint-hearted investors or anyone with a shallow pocket.
It is pricey but has a flavorful history of consistent dividend payments and capital growth. However, the energy stock is for the few who prefer to dare. Data from the Nigerian Exchange indicates that the market valuation of the dual-listed oil exploration and production company printed at N1.983 trillion.
The independent energy company began the year with a share price of N2,310 and has since gained 45.9% on that price valuation, supported by good earnings performance and positive corporate governance ratings.
The company’s outstanding shares remained at 588.444 million, with less price volatility. The domestic oil company informed the Nigerian Exchange Limited in a regulatory filing that the Board of Directors of Seplat Energy has decided to meet again on April 26, 2024, to finalize and approve the Company’s Q1 2024 Financial Results.
Consequently, the Company’s Q1 2024 financial results will be filed with the Exchange on 29 April 2024. Please note that the Company’s closed period, which commenced on 30 March 2024, will remain in effect until 24 hours after the release of the Q1 2024 Financial Results.
For the final dividend payment, the company has confirmed the exchange rate for the Naira amounts payable as 1 USD = N1,309.88. It has not been marked down for dividend payment for 2023.#Seplat Energy Trades at 52-Week High Ahead of Q1 Earnings Naira Steadies as Banks Issue Update on FX Purchase
