Afentra (LON:AET) Trading 0.8% Higher – Time to Buy?

Afentra plc (LON:AET) shot 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 session volume of 1,294,441 shares. The stock had previously closed at GBX 59.

Wall Street Analyst Weigh In

Several research firms have recently commented on AET. Canaccord Genuity Group raised shares of Afentra to a “buy” rating and increased their price target for the company from GBX 80 to GBX 115 in a research note on Thursday, April 2nd. Shore Capital Group restated 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, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 104.33.

Afentra Price Performance

The stock has a market capitalization of £128.65 million, a P/E ratio of -41.43 and a beta of 0.09. The company has a current ratio of 0.56, a quick ratio of 28.92 and a debt-to-equity ratio of 34.12. The company has a fifty day simple moving average of GBX 70.65 and a two-hundred day simple moving average of GBX 61.35.

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.