Afentra (LON:AET) Trading 0.8% Higher – Here’s What Happened

Afentra plc (LON:AET)’s stock price shot up 0.8% during trading on Monday . The company traded as high as GBX 61.40 and last traded at GBX 59.50. Approximately 386,507 shares were traded during trading, a decline of 70% from the average daily volume of 1,294,441 shares. The stock had previously closed at GBX 59.

Analyst Ratings Changes

A number of research firms recently weighed in on AET. Canaccord Genuity Group upgraded Afentra to a “buy” rating and increased their price objective for the company from GBX 80 to GBX 115 in a report on Thursday, April 2nd. Shore Capital Group reiterated a “buy” rating on shares of Afentra in a research report on Thursday, April 23rd. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 104.33.

Afentra Trading Up 0.8%

The firm has a market cap of £131.98 million, a price-to-earnings ratio of -42.50 and a beta of 0.09. The company has a debt-to-equity ratio of 34.12, a current ratio of 0.56 and a quick ratio of 28.92. The firm’s fifty day moving average is GBX 70.98 and its 200-day moving average is GBX 61.21.

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. 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.