Afentra's (AET) "Buy" Rating Reiterated at Shore Capital

Shore Capital reissued their buy rating on shares of Afentra (LON:AET - Free Report) in a report published on Tuesday, MarketBeat reports. Shore Capital currently has a GBX 114 ($1.53) price target on the stock.

Separately, 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

Shares of LON:AET traded up GBX 0.94 ($0.01) during trading on Tuesday, hitting GBX 51.14 ($0.69). 654,706 shares of the stock traded hands, compared to its average volume of 744,223. 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 fifty day moving average price of GBX 45.72 and a two-hundred day moving average price of GBX 44. Afentra has a 52-week low of GBX 33.07 ($0.44) and a 52-week high of GBX 58 ($0.78). The company has a market cap of £144.44 million, a price-to-earnings ratio of 730.56 and a beta of 0.10.

Insider Transactions at Afentra

In other news, insider Ian Richard Cloke sold 103,158 shares of the business'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 transaction of £41,263.20 ($55,371.98). Over the last 90 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.