Afentra (LON:AET) Trading 9.5% Higher – Still a Buy?

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AET shares. Canaccord Genuity Group reissued a “buy” rating and set a GBX 75 ($1.00) price target on shares of Afentra in a research report on Friday, April 25th. Shore Capital reaffirmed a “buy” rating on shares of Afentra in a research report on Thursday, April 24th.

Afentra Stock Up 9.5%

The firm has a market capitalization of £117.21 million, a P/E ratio of 592.86 and a beta of 0.10. The firm’s 50-day moving average is GBX 38.88 and its 200 day moving average is GBX 43.66. The company has a debt-to-equity ratio of 85.96, a quick ratio of 28.92 and a current ratio of 0.78.

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.