Afentra (LON:AET) Trading Up 1.5% – Should You Buy?

Afentra plc (LON:AET)’s share price shot up 1.5% on Friday . The stock traded as high as GBX 77 and last traded at GBX 74.50. 6,046,712 shares traded hands during mid-day trading, an increase of 413% from the average session volume of 1,179,322 shares. The stock had previously closed at GBX 73.40.

Wall Street Analysts Forecast Growth

AET has been the topic of a number of research analyst reports. Canaccord Genuity Group lifted their target price on Afentra from GBX 94 to GBX 100 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Shore Capital Group reissued a “buy” rating on shares of Afentra in a report on Friday. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Afentra has an average rating of “Buy” and an average target price of GBX 99.33.

Afentra Stock Performance

The stock has a market cap of £174.84 million, a price-to-earnings ratio of 5.99 and a beta of 0.09. The company’s 50-day simple moving average is GBX 53.57 and its 200-day simple moving average is GBX 47.48. The company has a quick ratio of 28.92, a current ratio of 0.84 and a debt-to-equity ratio of 35.42.

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.