Afentra’s (AET) “Buy” Rating Reiterated at Shore Capital

Shore Capital restated their buy rating on shares of Afentra (LON:AET) in a research note issued to investors on Thursday morning, Marketbeat.com reports. They currently have a GBX 113 target price on the stock.

A number of other equities research analysts also recently weighed in on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 90 price objective on shares of Afentra in a research report on Monday, December 1st. Peel Hunt reissued a “buy” rating and issued a GBX 85 target price on shares of Afentra in a report on Wednesday, October 15th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 96.

Afentra Stock Up 5.8%

Shares of Afentra stock opened at GBX 43.60 on Thursday. The company has a market capitalization of £98.60 million, a P/E ratio of 3.38 and a beta of 0.10. Afentra has a 1 year low of GBX 33.07 and a 1 year high of GBX 56.20. The business has a 50-day moving average of GBX 40.96 and a two-hundred day moving average of GBX 45.58. The company has a debt-to-equity ratio of 85.96, a current ratio of 0.78 and a quick ratio of 28.92.

Insider Transactions at Afentra

In other news, insider Andrew Osborne bought 225,000 shares of Afentra stock in a transaction on Monday, November 10th. The stock was purchased at an average cost of GBX 47 per share, with a total value of £105,750. 42.03% of the stock is owned by insiders.

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.