Afentra (LON:AET) Reaches New 52-Week High – Still a Buy?

Afentra plc (LON:AET)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 67.20 and last traded at GBX 63.20, with a volume of 3363513 shares changing hands. The stock had previously closed at GBX 62.20.

Analysts Set New Price Targets

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

Afentra Stock Performance

The company has a current ratio of 0.84, a quick ratio of 28.92 and a debt-to-equity ratio of 35.42. The firm has a market cap of £142.93 million, a PE ratio of 4.90 and a beta of 0.04. The stock’s 50 day moving average price is GBX 48.55 and its 200 day moving average price is GBX 46.30.

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.