Afentra (LON:AET) Insider Sells 32,833 Shares of Stock

Afentra plc (LON:AET) insider Ian Richard Cloke sold 32,833 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of GBX 61, for a total transaction of £20,028.13.

Ian Richard Cloke also recently made the following trade(s):

• On Wednesday, July 8th, Ian Richard Cloke purchased 32,043 shares of Afentra stock. The shares were acquired at an average cost of GBX 61 per share, for a total transaction of £19,546.23.
• On Wednesday, July 8th, Ian Richard Cloke bought 31,028 shares of Afentra stock. The shares were acquired at an average price of GBX 61 per share, for a total transaction of £18,927.08.
• On Wednesday, July 8th, Ian Richard Cloke sold 32,000 shares of Afentra stock. The stock was sold at an average price of GBX 61, for a total transaction of £19,520.

Afentra Stock Up 0.7%

Shares of AET opened at GBX 60.10 on Friday. The firm has a market cap of £161.74 million, a PE ratio of -42.93 and a beta of 0.09. The company’s fifty day moving average is GBX 68.20 and its two-hundred day moving average is GBX 62.36. Afentra plc has a fifty-two week low of GBX 36.70 and a fifty-two week high of GBX 89.40. The company has a quick ratio of 28.92, a current ratio of 0.56 and a debt-to-equity ratio of 34.12.

Wall Street Analyst Weigh In

AET has been the subject of several analyst reports. Shore Capital Group reaffirmed a “buy” rating on shares of Afentra in a research report on Thursday, April 23rd. Canaccord Genuity Group upgraded Afentra to a “buy” rating and raised their target price for the company from GBX 80 to GBX 115 in a report on Thursday, April 2nd. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Afentra presently has a consensus rating of “Buy” and a consensus price target of GBX 104.33.

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.