Afentra (LON:AET) Shares Up 4.8% – Should You Buy?

Afentra plc (LON:AET) rose 4.8% during trading on Tuesday . The company traded as high as GBX 76.90 and last traded at GBX 76.70. Approximately 681,511 shares were traded during trading, a decline of 39% from the average session volume of 1,117,229 shares. The stock had previously closed at GBX 73.20.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 125 price objective on shares of Afentra in a research note on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 107.67.

Afentra Trading Up 4.8%

The company has a current ratio of 0.56, a quick ratio of 28.92 and a debt-to-equity ratio of 34.12. The company’s fifty day moving average is GBX 65.24 and its 200-day moving average is GBX 68.54. The firm has a market capitalization of £211.03 million, a P/E ratio of -54.79 and a beta of 0.09.

Insider Buying and Selling

In other Afentra news, insider Anastasia Deulina sold 100,000 shares of the business’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of GBX 59, for a total transaction of £59,000. Also, insider Gavin Hugh Lothian Wilson bought 35,000 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were purchased at an average cost of GBX 61 per share, with a total value of £21,350. In the last quarter, insiders have bought 173,924 shares of company stock worth $10,533,511 and have sold 164,833 shares worth $9,854,813. Insiders own 37.09% of the company’s stock.

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.