Afentra (LON:AET) Trading 0.4% Higher – What’s Next?

Afentra plc (LON:AET) shares traded up 0.4% during mid-day trading on Friday . The company traded as high as GBX 74.30 and last traded at GBX 73. 786,395 shares were traded during trading, a decline of 35% from the average session volume of 1,203,776 shares. The stock had previously closed at GBX 72.70.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Shore Capital Group restated a “buy” rating on shares of Afentra in a research report on Thursday, April 23rd. Canaccord Genuity Group raised shares of Afentra to a “buy” rating and boosted their price objective for the company from GBX 80 to GBX 115 in a research report on Thursday, April 2nd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Afentra has an average rating of “Buy” and an average target price of GBX 104.33.

Afentra Trading Up 0.4%

The business’s 50-day moving average price is GBX 76.96 and its two-hundred day moving average price is GBX 58.48. The company has a debt-to-equity ratio of 34.12, a current ratio of 0.56 and a quick ratio of 28.92. The firm has a market cap of £165.09 million, a price-to-earnings ratio of -52.14 and a beta of 0.09.

About Afentra

Afentra plc, together with its subsidiaries, operates as an upstream oil and gas company primarily in Africa. The company is involved in the appraisal, exploration, development, and production of oil and gas. It holds 34% interest in an exploration project covering approximately 22,840 square kilometers located in Somaliland. Afentra plc was formerly known as Sterling Energy plc and changed its name to Afentra plc in May 2021. The company was incorporated in 1983 and is based in London, the United Kingdom.