Afentra (LON:AET) Trading Up 0.8% – Here’s What Happened

Shares of Afentra plc (LON:AET) traded up 0.8% on Monday . The company traded as high as GBX 61.40 and last traded at GBX 59.50. 386,507 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 1,294,441 shares. The stock had previously closed at GBX 59.

Analysts Set New Price Targets

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

Afentra Trading Up 0.8%

The business has a fifty day moving average of GBX 70.98 and a 200-day moving average of GBX 61.21. The company has a debt-to-equity ratio of 34.12, a quick ratio of 28.92 and a current ratio of 0.56. The company has a market capitalization of £131.98 million, a P/E ratio of -42.50 and a beta of 0.09.

Afentra Company Profile

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.