Afentra plc (LON:AET - Get Free Report) shares dropped 8.1% on Wednesday . The stock traded as low as GBX 47.63 ($0.65) and last traded at GBX 49.07 ($0.67). Approximately 4,101,193 shares traded hands during trading, an increase of 436% from the average daily volume of 764,665 shares. The stock had previously closed at GBX 53.40 ($0.73).
Wall Street Analysts Forecast Growth
AET has been the subject of several recent analyst reports. Shore Capital reiterated a "buy" rating on shares of Afentra in a research report on Thursday, April 24th. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 75 ($1.03) price objective on shares of Afentra in a research report on Friday, April 25th.
View Our Latest Analysis on AET
Afentra Stock Performance
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 capitalization of £138.96 million, a price-to-earnings ratio of 702.86 and a beta of 0.10. The company's 50-day moving average price is GBX 43.03 and its two-hundred day moving average price is GBX 43.77.
Insiders Place Their Bets
In related news, insider Ian Richard Cloke purchased 48,694 shares of Afentra stock in a transaction on Friday, May 16th. The stock was acquired at an average cost of GBX 40 ($0.55) per share, for a total transaction of £19,477.60 ($26,729.24). Over the last ninety days, insiders purchased 101,363 shares of company stock worth $4,057,457. 53.87% of the stock is currently owned by company insiders.
About Afentra
(
Get Free Report)
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.
Featured Articles
Before you consider Afentra, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Afentra wasn't on the list.
While Afentra currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
