Afentra (LON:AET) Shares Up 1.5% – Here’s Why

Afentra plc (LON:AET)’s stock price traded up 1.5% during mid-day trading on Friday . The stock traded as high as GBX 64.40 and last traded at GBX 62.50. 164,740 shares changed hands during trading, a decline of 86% from the average daily volume of 1,170,500 shares. The stock had previously closed at GBX 61.60.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Canaccord Genuity Group upgraded Afentra to a “buy” rating and boosted their target price for the stock from GBX 80 to GBX 115 in a research report on Thursday, April 2nd. Shore Capital Group reaffirmed a “buy” rating on shares of Afentra in a report on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 104.33.

Afentra Stock Up 1.5%

The stock’s fifty day moving average price is GBX 64.35 and its 200 day moving average price is GBX 64.71. The company has a current ratio of 0.56, a quick ratio of 28.92 and a debt-to-equity ratio of 34.12. The stock has a market cap of £168.20 million, a P/E ratio of -44.64 and a beta of 0.09.

Insider Buying and Selling

In other Afentra news, insider Ian Richard Cloke sold 32,833 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of GBX 61, for a total transaction of £20,028.13. Also, insider Anastasia Deulina sold 100,000 shares of the firm’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of GBX 59, for a total value of £59,000. Over the last ninety days, insiders purchased 173,924 shares of company stock worth $10,533,511 and sold 164,833 shares worth $9,854,813. 35.61% of the stock is owned by company 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.