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

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AET shares. Shore Capital Group restated a “buy” rating on shares of Afentra in a report on Thursday, April 23rd. Canaccord Genuity Group upgraded shares of Afentra to a “buy” rating and boosted 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 data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 104.33.

Afentra Stock Up 0.4%

The firm’s 50-day moving average price is GBX 76.96 and its 200-day moving average price is GBX 58.48. The company has a market cap of £165.09 million, a price-to-earnings ratio of -52.14 and a beta of 0.09. The company has a debt-to-equity ratio of 34.12, a current ratio of 0.56 and a quick ratio of 28.92.

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.