Afentra (LON:AET) Insider Purchases £105,750 in Stock

Afentra plc (LON:AET) insider Andrew Osborne purchased 225,000 shares of the business’s stock in a transaction on Monday, November 10th. The shares were bought at an average cost of GBX 47 per share, with a total value of £105,750.

Afentra Stock Performance

Afentra stock traded up GBX 0.50 during midday trading on Tuesday, hitting GBX 46.90. The stock had a trading volume of 453,676 shares, compared to its average volume of 679,008. The firm’s fifty day moving average is GBX 47.45 and its two-hundred day moving average is GBX 46.57. The company has a current ratio of 0.78, a quick ratio of 28.92 and a debt-to-equity ratio of 85.96. The company has a market capitalization of £106.07 million, a PE ratio of 3.64 and a beta of 0.10. Afentra plc has a 52-week low of GBX 33.07 and a 52-week high of GBX 56.20.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Canaccord Genuity Group lifted their price objective on shares of Afentra from GBX 88 to GBX 90 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Peel Hunt reaffirmed a “buy” rating and set a GBX 85 target price on shares of Afentra in a research report on Wednesday, October 15th. Finally, Shore Capital reiterated a “buy” rating on shares of Afentra in a report on Friday, September 5th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Afentra has a consensus rating of “Buy” and a consensus price target of GBX 96.33.

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.