Afentra (LON:AET) Shares Down 8.1% - Should You Sell?

Afentra plc (LON:AET - Get Free Report) shares fell 8.1% on Wednesday . The stock traded as low as GBX 47.63 ($0.65) and last traded at GBX 49.07 ($0.67). 4,101,193 shares traded hands during trading, an increase of 436% from the average session volume of 764,665 shares. The stock had previously closed at GBX 53.40 ($0.73).

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AET. Shore Capital reaffirmed a "buy" rating on shares of Afentra in a research report on Thursday, April 24th. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 75 ($1.03) price objective on shares of Afentra in a research report on Friday, April 25th.

Afentra Price Performance

The stock has a market cap of £138.96 million, a P/E ratio of 702.86 and a beta of 0.10. 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 business's fifty day moving average price is GBX 43.03 and its 200 day moving average price is GBX 43.77.

Insider Transactions at Afentra

In related news, insider Ian Richard Cloke bought 2,937 shares of the company's stock in a transaction dated Friday, May 16th. The stock was purchased at an average price of GBX 41 ($0.56) per share, with a total value of £1,204.17 ($1,652.49). Over the last 90 days, insiders purchased 101,363 shares of company stock valued at $4,057,457. 53.87% of the stock is currently owned by insiders.

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.