Key Points
- Insider purchase: Director Andrew Osborne bought 225,000 shares on Nov. 10 at an average price of GBX 47, a transaction totalling £105,750.
- Analyst sentiment: Three analysts rate Afentra as a Buy with a consensus target of GBX 96.33, roughly double the current share price, and Canaccord recently raised its target to GBX 90.
- Company and valuation snapshot: Afentra is an upstream oil & gas firm with a 34% interest in a Somaliland exploration project, a market capitalization of £106.07 million and a low P/E of 3.64, with the stock trading near its 50- and 200-day averages around GBX 47.
Afentra plc (LON:AET - Get Free Report) insider Andrew Osborne bought 225,000 shares of the company's stock in a transaction on Monday, November 10th. The shares were bought at an average price of GBX 47 per share, for a total transaction of £105,750.
Afentra Trading Up 1.1%
AET opened at GBX 46.90 on Wednesday. The stock has a market capitalization of £106.07 million, a P/E ratio of 3.64 and a beta of 0.10. The company has a current ratio of 0.78, a quick ratio of 28.92 and a debt-to-equity ratio of 85.96. Afentra plc has a 12 month low of GBX 33.07 and a 12 month high of GBX 56.20. The firm's fifty day simple moving average is GBX 47.36 and its 200 day simple moving average is GBX 46.62.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. Canaccord Genuity Group upped their price target on Afentra from GBX 88 to GBX 90 and gave the stock a "buy" rating in a research report on Thursday, September 18th. Shore Capital restated a "buy" rating on shares of Afentra in a report on Friday, September 5th. Finally, Peel Hunt reiterated a "buy" rating and issued a GBX 85 price target on shares of Afentra in a research note on Wednesday, October 15th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 96.33.
Read Our Latest Stock Analysis on AET
Afentra Company Profile
(
Get Free Report)
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.
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