Afentra (LON:AET) Receives Buy Rating from Shore Capital Group

Afentra (LON:AET)‘s stock had its “buy” rating reiterated by analysts at Shore Capital Group in a note issued to investors on Friday, Marketbeat.com reports.

Separately, Canaccord Genuity Group boosted their target price on shares of Afentra from GBX 94 to GBX 100 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Afentra has a consensus rating of “Buy” and a consensus price target of GBX 99.33.

Afentra Stock Up 0.8%

LON AET traded up GBX 0.62 on Friday, hitting GBX 74.02. 2,025,450 shares of the stock were exchanged, compared to its average volume of 1,204,821. Afentra has a fifty-two week low of GBX 33.07 and a fifty-two week high of GBX 77.43. The company has a 50-day moving average price of GBX 52.85 and a 200-day moving average price of GBX 47.33. The company has a quick ratio of 28.92, a current ratio of 0.84 and a debt-to-equity ratio of 35.42. The company has a market cap of £167.41 million, a PE ratio of 5.74 and a beta of 0.09.

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.