Afentra (LON:AET) Shares Up 0.8% – Should You Buy?

Afentra plc (LON:AET)’s share price shot up 0.8% during trading 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 mid-day 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).

Analysts Set New Price Targets

Several brokerages have recently commented on AET. Canaccord Genuity Group initiated coverage on Afentra in a report on Thursday, September 19th. They set a “buy” rating and a GBX 80 ($1.05) price objective for the company. Shore Capital reiterated a “not rated” rating on shares of Afentra in a research note on Thursday, July 25th.

Afentra Stock Performance

The stock has a market capitalization of £118.96 million, a P/E ratio of 751.43 and a beta of 0.10. The company has a debt-to-equity ratio of 85.96, a quick ratio of 28.92 and a current ratio of 0.78. The business’s fifty day moving average price is GBX 48.72 and its two-hundred day moving average price is GBX 50.35.

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.