Afentra (LON:AET) Stock Price Up 0.3% – Here’s What Happened

Shares of Afentra plc (LON:AET) shot up 0.3% on Thursday . The stock traded as high as GBX 54.40 and last traded at GBX 52.54. 1,984,405 shares traded hands during mid-day trading, an increase of 121% from the average session volume of 898,214 shares. The stock had previously closed at GBX 52.40.

Analyst Ratings Changes

Several research analysts recently commented on AET shares. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 113 target price on shares of Afentra in a research note on Thursday, January 22nd. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 90 price target on shares of Afentra in a report on Monday, December 1st. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 96.

Afentra Stock Up 1.8%

The company has a debt-to-equity ratio of 85.96, a current ratio of 0.78 and a quick ratio of 28.92. The stock has a market capitalization of £118.38 million, a PE ratio of 4.06 and a beta of 0.10. The company has a 50 day moving average price of GBX 43.09 and a 200-day moving average price of GBX 45.46.

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.