Afentra (LON:AET) Trading Down 1.7% – What’s Next?

Afentra plc (LON:AET)’s share price fell 1.7% on Thursday . The stock traded as low as GBX 45.09 ($0.60) and last traded at GBX 45.60 ($0.61). 1,360,771 shares were traded during mid-day trading, an increase of 97% from the average session volume of 691,034 shares. The stock had previously closed at GBX 46.40 ($0.62).

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AET. Shore Capital reissued a “buy” rating on shares of Afentra in a report on Friday, September 5th. Canaccord Genuity Group boosted their price objective on Afentra from GBX 88 to GBX 90 and gave the company a “buy” rating in a report on Thursday, September 18th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 102.

Afentra Price Performance

The company has a market capitalization of £102.79 million, a P/E ratio of 352.33 and a beta of 0.10. The company has a fifty day moving average price of GBX 49.14 and a 200 day moving average price of GBX 45.60. The company has a debt-to-equity ratio of 85.96, a current ratio of 0.78 and a quick ratio of 28.92.

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.