Afentra (LON:AET) Stock Price Down 8.1% - What's Next?

Afentra plc (LON:AET - Get Free Report)'s share price was down 8.1% during trading on Tuesday . 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 mid-day 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).

Analyst Upgrades and Downgrades

Several equities analysts have commented on AET shares. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 75 ($1.03) price target on shares of Afentra in a research note on Friday, April 25th. Shore Capital reiterated a "buy" rating on shares of Afentra in a research note on Thursday, April 24th.

Afentra Trading Up 0.8%

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 firm has a market capitalization of £138.96 million, a PE ratio of 702.86 and a beta of 0.10. The business's 50-day moving average price is GBX 43.03 and its 200-day moving average price is GBX 43.77.

Insider Transactions at Afentra

In other Afentra news, insider Ian Richard Cloke bought 48,694 shares of the stock in a transaction dated Friday, May 16th. The shares were 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 have acquired 101,363 shares of company stock worth $4,057,457. 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.