Insider Buying: Afentra (LON:AET) Insider Acquires £21,350 in Stock

Afentra plc (LON:AET) insider Gavin Hugh Lothian Wilson bought 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was bought at an average price of GBX 61 per share, with a total value of £21,350.

Afentra Trading Up 0.7%

AET opened at GBX 60.10 on Friday. The business has a fifty day moving average price of GBX 68.20 and a 200 day moving average price of GBX 62.36. The company has a debt-to-equity ratio of 34.12, a current ratio of 0.56 and a quick ratio of 28.92. Afentra plc has a 12 month low of GBX 36.70 and a 12 month high of GBX 89.40. The stock has a market capitalization of £161.74 million, a price-to-earnings ratio of -42.93 and a beta of 0.09.

Wall Street Analysts Forecast Growth

AET has been the topic of a number of recent research reports. Canaccord Genuity Group upgraded shares of Afentra to a “buy” rating and upped their target price for the stock from GBX 80 to GBX 115 in a research note on Thursday, April 2nd. Shore Capital Group reaffirmed a “buy” rating on shares of Afentra in a report on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 104.33.

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. Afentra plc was formerly known as Sterling Energy plc and changed its name to Afentra plc in May 2021. The company was incorporated in 1983 and is based in London, the United Kingdom.