Afentra (LON:AET) Receives “Buy” Rating from Shore Capital

Shore Capital restated their buy rating on shares of Afentra (LON:AET) in a research note released on Thursday, Marketbeat reports.

Separately, Canaccord Genuity Group started coverage on shares of Afentra in a research report on Thursday, September 19th. They issued a “buy” rating and a GBX 80 ($1.04) price objective on the stock.

Afentra Trading Down 2.6 %

AET traded down GBX 1.20 ($0.02) during midday trading on Thursday, reaching GBX 45.70 ($0.59). 936,738 shares of the company were exchanged, compared to its average volume of 808,702. The stock has a market capitalization of £103.36 million, a P/E ratio of 669.49 and a beta of 0.10. The company has a debt-to-equity ratio of 85.96, a quick ratio of 28.92 and a current ratio of 0.78. The stock’s 50-day simple moving average is GBX 48.39 and its 200 day simple moving average is GBX 51.37. Afentra has a one year low of GBX 27.50 ($0.36) and a one year high of GBX 62.54 ($0.81).

About Afentra

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.