Afentra (LON:AET) Stock Price Down 1.6% – Here’s Why

Afentra plc (LON:AET)’s stock price dropped 1.6% during mid-day trading on Wednesday. The company traded as low as GBX 73.53 and last traded at GBX 74. 597,923 shares changed hands during trading, a decline of 46% from the average session volume of 1,111,308 shares. The stock had previously closed at GBX 75.20.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 125 price target on shares of Afentra in a research report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat, Afentra currently has a consensus rating of “Buy” and a consensus price target of GBX 119.

Afentra Trading Up 1.9%

The company has a market cap of £200.00 million, a price-to-earnings ratio of -16.07 and a beta of 0.09. The company’s 50 day moving average price is GBX 74.71 and its 200 day moving average price is GBX 71.61. The company has a debt-to-equity ratio of 51.83, a quick ratio of 28.92 and a current ratio of 1.45.

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.