Afentra (LON:AET) Stock Price Up 0.3% – What’s Next?

Shares of Afentra plc (LON:AET) rose 0.3% during trading on Thursday . The stock traded as high as GBX 54.40 and last traded at GBX 52.54. Approximately 1,984,405 shares traded hands during mid-day trading, an increase of 121% from the average daily volume of 898,214 shares. The stock had previously closed at GBX 52.40.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 90 price objective on shares of Afentra in a research report on Monday, December 1st. Shore Capital Group restated a “buy” rating and issued a GBX 113 target price on shares of Afentra in a research note on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 96.

Afentra Trading Up 1.6%

The company has a quick ratio of 28.92, a current ratio of 0.78 and a debt-to-equity ratio of 85.96. The firm has a 50 day moving average of GBX 43.35 and a 200 day moving average of GBX 45.48. The firm has a market cap of £118.05 million, a PE ratio of 4.05 and a beta of 0.10.

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.