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IGas Energy ( (GB:STAR) ) has provided an update.
Star Energy reported that it materially cut administrative costs in 2025, delivering more than £2.0 million of G&A savings and sharply reducing geothermal spend while concentrating on its highest-value projects around Manchester and Southampton. The group maintained strong liquidity, aided by £6.3 million of non-core land disposals, continued disciplined capex focused on quick-return optimisation and the delayed Singleton gas-to-wire project, and used hedging to secure a £1.2 million gain amid volatile oil prices.
Average production of 1,886 boe/d fell short of expectations due to power outages, infrastructure issues and water disposal constraints, though the company expects about 2,000 boe/d in 2026 as grid works are now complete and a water injection solution at Stockbridge is targeted to restore output by Q3 2026. Management emphasised improving profitability and resilience in the oil and gas portfolio, unlocking value from geothermal assets, and pursuing acquisitions that exploit its tax position, a strategy that, together with deleveraging, has underpinned a notable share price re-rating through 2025 and early 2026.
The most recent analyst rating on (GB:STAR) stock is a Hold with a £10.00 price target. To see the full list of analyst forecasts on IGas Energy stock, see the GB:STAR Stock Forecast page.
Spark’s Take on GB:STAR Stock
According to Spark, TipRanks’ AI Analyst, GB:STAR is a Neutral.
The overall stock score is primarily influenced by significant financial challenges, including declining revenues and profitability, which weigh heavily on the score. However, positive technical indicators and a strategic corporate event provide some support. The valuation remains a concern due to the negative P/E ratio and lack of dividend yield.
To see Spark’s full report on GB:STAR stock, click here.
More about IGas Energy
Star Energy Group plc is a UK-focused onshore oil and gas producer with additional geothermal interests in the UK and Croatia. The company operates a portfolio of producing fields and development projects, including the Singleton gas-to-wire scheme, and seeks to leverage its substantial UK tax losses and allowances through value-accretive acquisitions in the domestic energy sector.
Average Trading Volume: 143,490
Technical Sentiment Signal: Hold
Current Market Cap: £17.7M
For detailed information about STAR stock, go to TipRanks’ Stock Analysis page.