Afentra (LON:AET) Trading 0.8% Higher - What's Next?

Shares of Afentra plc (LON:AET - Get Free Report) traded up 0.8% on Thursday . The company traded as high as GBX 53.15 ($0.70) and last traded at GBX 52.60 ($0.69). 282,228 shares changed hands during trading, a decline of 66% from the average session volume of 821,653 shares. The stock had previously closed at GBX 52.20 ($0.68).

Wall Street Analyst Weigh In

AET has been the topic of several analyst reports. Canaccord Genuity Group initiated coverage on Afentra in a research report on Thursday, September 19th. They set a "buy" rating and a GBX 80 ($1.05) price target on the stock. Shore Capital reaffirmed a "not rated" rating on shares of Afentra in a report on Thursday, July 25th.

Afentra Stock Up 0.4 %

The company has a 50 day moving average of GBX 48.72 and a 200-day moving average of GBX 50.35. The company has a debt-to-equity ratio of 85.96, a current ratio of 0.78 and a quick ratio of 28.92. The company has a market cap of £119.41 million, a P/E ratio of 754.29 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.