Afentra (LON:AET) Stock Price Up 9.5% - Still a Buy?

Afentra plc (LON:AET - Get Free Report) traded up 9.5% during trading on Saturday . The company traded as high as GBX 42 ($0.56) and last traded at GBX 41.50 ($0.56). 937,530 shares changed hands during trading, an increase of 27% from the average session volume of 736,398 shares. The stock had previously closed at GBX 37.90 ($0.51).

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Shore Capital reiterated a "buy" rating on shares of Afentra in a research report on Thursday, April 24th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 75 ($1.01) price target on shares of Afentra in a report on Friday, April 25th.

Afentra Stock Performance

The stock has a market capitalization of £118.62 million, a P/E ratio of 600.00 and a beta of 0.10. The company has a quick ratio of 28.92, a current ratio of 0.78 and a debt-to-equity ratio of 85.96. The company has a 50-day moving average price of GBX 38.98 and a two-hundred day moving average price of GBX 43.57.

Insider Buying and Selling

In related news, insider Ian Richard Cloke sold 103,158 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of GBX 40 ($0.54), for a total transaction of £41,263.20 ($55,386.85). In the last 90 days, insiders have bought 101,363 shares of company stock valued at $4,057,457. Company insiders own 53.87% 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.