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

Afentra plc (LON:AET)’s share price was up 9.5% during trading on Saturday . The stock traded as high as GBX 42 ($0.56) and last traded at GBX 41.50 ($0.55). Approximately 937,530 shares traded hands during mid-day 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).

Analyst Upgrades and Downgrades

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

Afentra Price Performance

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 stock’s 50-day moving average price is GBX 38.88 and its 200-day moving average price is GBX 43.64. The company has a market capitalization of £117.21 million, a price-to-earnings ratio of 592.86 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.