Afentra’s (AET) Buy Rating Reaffirmed at Shore Capital Group

Afentra (LON:AET)‘s stock had its “buy” rating restated by equities researchers at Shore Capital Group in a research note issued to investors on Friday, MarketBeat Ratings reports.

Separately, Canaccord Genuity Group lifted their target price on Afentra from GBX 94 to GBX 100 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 99.33.

Afentra Stock Performance

AET traded up GBX 0.62 on Friday, reaching GBX 74.02. The company had a trading volume of 2,025,450 shares, compared to its average volume of 1,204,821. Afentra has a 1 year low of GBX 33.07 and a 1 year high of GBX 77.43. The stock has a market capitalization of £167.41 million, a PE ratio of 5.74 and a beta of 0.09. The company has a quick ratio of 28.92, a current ratio of 0.84 and a debt-to-equity ratio of 35.42. The stock has a 50-day moving average price of GBX 52.85 and a 200-day moving average price of GBX 47.33.

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.