Afentra (LON:AET) Shares Up 9.5% – Still a Buy?

Afentra plc (LON:AET) traded up 9.5% during trading on Friday . The stock traded as high as GBX 42 ($0.56) and last traded at GBX 41.50 ($0.55). 937,530 shares were traded during trading, an increase of 27% from the average session volume of 736,398 shares. The stock had previously closed at GBX 37.90 ($0.50).

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AET. Shore Capital restated a “buy” rating on shares of Afentra in a research note on Thursday, April 24th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 75 ($1.00) price target on shares of Afentra in a research note on Friday, April 25th.

Afentra Price Performance

The company has a debt-to-equity ratio of 85.96, a quick ratio of 28.92 and a current ratio of 0.78. The company has a market cap of £117.21 million, a price-to-earnings ratio of 592.86 and a beta of 0.10. The business has a fifty day moving average price of GBX 38.88 and a 200 day moving average price of GBX 43.66.

About Afentra

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.