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

Shares of Afentra plc (LON:AET - Get Free Report) were down 8.1% on Tuesday . The company traded as low as GBX 47.63 ($0.65) and last traded at GBX 49.07 ($0.67). Approximately 4,101,193 shares were traded 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).

Analyst Ratings Changes

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

Afentra Stock Up 0.8%

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 stock has a market capitalization of £138.96 million, a P/E ratio of 702.86 and a beta of 0.10. The company has a fifty day moving average price of GBX 42.85 and a 200-day moving average price of GBX 43.77.

Insider Buying and Selling at Afentra

In other Afentra news, insider Ian Richard Cloke bought 48,694 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were purchased at an average cost of GBX 40 ($0.55) per share, for a total transaction of £19,477.60 ($26,729.24). Insiders bought 101,363 shares of company stock worth $4,057,457 in the last quarter. 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.