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

Afentra plc (LON:AET - Get Free Report)'s stock price was 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). Approximately 937,530 shares changed hands during mid-day trading, an increase of 27% from the average daily volume of 736,398 shares. The stock had previously closed at GBX 37.90 ($0.51).

Analysts Set New Price Targets

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

Afentra Trading Down 1.2%

The business has a fifty day moving average price of GBX 38.98 and a 200 day moving average price of GBX 43.57. The company has a market capitalization of £118.62 million, a price-to-earnings ratio of 600.00 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.

Insider Buying and Selling

In other Afentra news, insider Ian Richard Cloke sold 103,158 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of GBX 40 ($0.54), for a total value of £41,263.20 ($55,386.85). Insiders have bought a total of 101,363 shares of company stock valued at $4,057,457 over the last three months. 53.87% of the stock is owned by corporate 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.