Afentra (LON:AET) Trading Down 4.6% – Should You Sell?

Afentra plc (LON:AET) shares dropped 4.6% during trading on Tuesday . The company traded as low as GBX 36.94 and last traded at GBX 37.70. Approximately 627,925 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 684,525 shares. The stock had previously closed at GBX 39.50.

Analysts Set New Price Targets

AET has been the topic of several recent research reports. Canaccord Genuity Group raised their price objective on Afentra from GBX 88 to GBX 90 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Peel Hunt reissued a “buy” rating and issued a GBX 85 target price on shares of Afentra in a report on Wednesday, October 15th. Finally, Shore Capital reaffirmed a “buy” rating and set a GBX 113 price target on shares of Afentra in a report on Tuesday, November 25th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 96.

Afentra Trading Down 4.6%

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 company has a market capitalization of £85.26 million, a PE ratio of 2.92 and a beta of 0.10. The stock has a fifty day moving average of GBX 42.82 and a 200 day moving average of GBX 46.87.

Insider Activity at Afentra

In related news, insider Andrew Osborne bought 225,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was purchased at an average price of GBX 47 per share, for a total transaction of £105,750. Company insiders own 42.03% of the company’s stock.

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.