Afentra (LON:AET) Insider Gavin Hugh Lothian Wilson Purchases 35,000 Shares

Afentra plc (LON:AET) insider Gavin Hugh Lothian Wilson acquired 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were purchased at an average cost of GBX 61 per share, with a total value of £21,350.

Afentra Stock Performance

AET traded up GBX 0.90 during trading on Friday, reaching GBX 60.60. 1,119,589 shares of the company’s stock were exchanged, compared to its average volume of 1,252,527. The company has a market capitalization of £163.08 million, a P/E ratio of -43.29 and a beta of 0.09. The business has a 50 day moving average price of GBX 67.87 and a 200 day moving average price of GBX 62.35. 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 Analysts Forecast Growth

AET has been the topic of a number of recent research reports. Canaccord Genuity Group upgraded Afentra to a “buy” rating and increased their price objective for the company from GBX 80 to GBX 115 in a research report 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 data from MarketBeat.com, Afentra currently has a consensus rating of “Buy” and an average 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.