Afentra (LON:AET) Stock Price Up 0.4% – Should You Buy?

Afentra plc (LON:AET)’s share price shot up 0.4% during trading on Friday . The company traded as high as GBX 74.30 and last traded at GBX 73. 786,395 shares were traded during mid-day trading, a decline of 35% from the average session volume of 1,203,776 shares. The stock had previously closed at GBX 72.70.

Analyst Ratings Changes

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

Afentra Stock Performance

The company has a debt-to-equity ratio of 34.12, a quick ratio of 28.92 and a current ratio of 0.56. The stock has a 50 day moving average of GBX 76.96 and a 200 day moving average of GBX 58.48. The stock has a market capitalization of £161.92 million, a P/E ratio of -52.14 and a beta of 0.09.

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.