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Afentra
(LSE:AET)
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Rating:60Neutral
Price Target:
75.00 p
▲(15.92% Upside)
Action:Reiterated
Date:08/17/26
The score is primarily held back by volatile financial performance and weaker cash-flow quality in 2025 (including deeply negative free cash flow), despite a comparatively solid balance sheet. Technical indicators are supportive and indicate positive momentum, but valuation is unattractive/less meaningful due to negative earnings and no stated dividend yield.
Positive Factors
Improving leverage
Lower leverage improves financial flexibility for sustaining producing assets and pursuing acquisitions, while sizeable equity relative to assets provides a buffer against operating volatility. It does not remove exposure to earnings swings, but strengthens resilience.
Negative Factors
Revenue and earnings volatility
The sharp reversal from 2024 profitability to a 2025 net loss highlights material sensitivity to production, oil prices and operating conditions. Persistent earnings volatility makes planning, reinvestment and shareholder returns less predictable over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage
Lower leverage improves financial flexibility for sustaining producing assets and pursuing acquisitions, while sizeable equity relative to assets provides a buffer against operating volatility. It does not remove exposure to earnings swings, but strengthens resilience.
Read all positive factors
Afentra (AET) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£192.26M
Dividend YieldN/A
Average Volume (3M)589.11K
Price to Earnings (P/E)―
Beta (1Y)0.29
Revenue Growth-38.66%
EPS Growth-105.50%
CountryUK
Employees22
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding275,134,920
10 Day Avg. Volume513,767
30 Day Avg. Volume589,110
Financial Highlights & Ratios
PEG Ratio0.36
Price to Book (P/B)1.33
Price to Sales (P/S)1.07
P/FCF Ratio-4.99
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£125.00Price Target Upside93.20% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.27
Revenue Forecast (FY)£194.16M
Afentra Business Overview & Revenue Model
Company Description
Afentra PLC and its associated entities operate as an upstream oil and gas enterprise, with a primary focus on the African continent. The company's core business encompasses the full spectrum of petroleum activities: assessing, discovering, develo...
How the Company Makes Money
Afentra makes money primarily from its economic interests in oil and gas producing assets. Revenue is generated through the sale of hydrocarbons produced from fields in which Afentra holds a working interest, typically marketed by the field operat...
Afentra Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
71
Positive
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 116.78M | 180.86M | 26.39M | 0.00 | 0.00 |
| Gross Profit | 46.39M | 86.74M | 13.82M | -3.49K | -2.73K |
| EBITDA | 52.13M | 86.45M | 3.57M | -8.64M | -4.71M |
| Net Income | -3.25M | 52.35M | -2.71M | -9.20M | -5.04M |
Balance Sheet | |||||
| Total Assets | 219.69M | 226.61M | 210.63M | 52.87M | 60.03M |
| Cash, Cash Equivalents and Short-Term Investments | 10.19M | 46.88M | 14.73M | 20.38M | 37.73M |
| Total Debt | 32.03M | 42.20M | 31.86M | 337.00K | 581.00K |
| Total Liabilities | 125.82M | 127.98M | 162.66M | 3.06M | 1.14M |
| Stockholders Equity | 93.87M | 98.63M | 47.97M | 49.81M | 58.89M |
Cash Flow | |||||
| Free Cash Flow | -25.07M | 64.98M | 8.96M | -6.86M | -4.71M |
| Operating Cash Flow | 24.99M | 85.59M | 12.32M | -6.70M | -4.50M |
| Investing Cash Flow | -56.34M | -53.55M | -45.90M | -10.28M | -194.00K |
| Financing Cash Flow | -14.10M | 93.00K | 27.95M | -225.00K | -273.00K |
Afentra Technical Analysis
Positive
64.70
Price Trends
63.11
Positive
69.94
Positive
58.93
Positive
Market Momentum
2.04
Negative
63.30
Neutral
76.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AET, the sentiment is Positive. The current price of 64.7 is above the 20-day moving average (MA) of 64.43, above the 50-day MA of 63.11, and above the 200-day MA of 58.93, indicating a bullish trend. The MACD of 2.04 indicates Negative momentum. The RSI at 63.30 is Neutral, neither overbought nor oversold. The STOCH value of 76.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:AET.
Afentra Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £44.77M | 3.48 | 22.39% | ― | ― | ― | |
74 Outperform | £124.17M | -25.17 | -2.30% | 4.21% | -18.06% | -127.50% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
60 Neutral | £192.26M | -1,216.11 | -0.15% | ― | -38.66% | -105.50% | |
52 Neutral | £223.62M | 53.72 | -2.23% | ― | -47.84% | -277.39% | |
49 Neutral | £92.14M | -86.38 | -0.47% | ― | ― | 7.69% | |
43 Neutral | £58.18M | -13.21 | -18.36% | ― | 21.14% | 10.00% |
* Energy Sector Average
GB:AET
Afentra
71.80
25.00
53.42%
GB:BOR
Borders & Southern Petroleum
10.20
-0.10
-0.97%
GB:CASP
Caspian Sunrise
1.90
-0.25
-11.63%
GB:TLW
Tullow Oil
15.86
4.92
44.97%
GB:AEX
Aminex plc
1.17
-0.78
-40.00%
GB:PHAR
Pharos Energy
30.10
9.38
45.24%
Afentra Corporate Events
Business Operations and Strategy
Afentra Secures Major Pacassa SW Oil Find and Boosts Angolan Output
Positive
Aug 11, 2026
Afentra has reported a significant operational milestone offshore Angola, announcing a successful oil discovery at the Pacassa SW well that encountered 136 metres of net oil pay in the Albian Pinda carbonate reservoir. The discovery supports earli...
Business Operations and StrategyExecutive/Board Changes
Afentra CFO Anastasia Deulina to Step Down in 2027 After Transition Period
Neutral
Aug 4, 2026
Afentra has announced that Chief Financial Officer and board member Anastasia Deulina has tendered her resignation for personal reasons, effective 3 February 2027, and will remain in post until then to support an orderly transition. The board will...
Other
Afentra Directors Reshape Shareholdings as CFO and NED Increase Stakes
Positive
Jul 10, 2026
Afentra disclosed a series of director and PDMR share dealings involving the transfer of ordinary shares into ISA and trading accounts. Chief Operating Officer Ian Cloke and his closely associated person Elizabeth Bingham restructured their holdin...
Business Operations and StrategyExecutive/Board Changes
Afentra executives exercise founders’ options and receive new LTIP awards
Positive
Jul 9, 2026
Afentra has completed the exercise of all remaining nil-cost options granted to its executive directors under its Founders’ Share Plan, a five-year incentive scheme linked to total shareholder return, and partly satisfied the awards through ...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Afentra doubles down on independent growth strategy with Angolan drilling push and $125m refinancing
Positive
Jul 7, 2026
Afentra has concluded a strategic review by committing to pursue its next phase of growth as an independent exploration and production company, backing this stance with a major refinancing and equity raise. The group reported net average productio...
Business Operations and StrategyRegulatory Filings and Compliance
Afentra Sets Voting Rights Benchmark with Updated Share Capital Figure
Positive
Jul 1, 2026
Afentra plc has confirmed that its total issued share capital stands at 273,456,304 ordinary shares, all of which carry voting rights, with no shares held in treasury. This disclosure sets the formal denominator for shareholders calculating whethe...
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
Afentra completes equity fundraising after shareholder approval
Positive
Jun 25, 2026
Afentra has secured shareholder approval for all resolutions at its general meeting, paving the way to complete its equity fundraising via a conditional placing and retail offer. The vote allows the company to issue 24,684,714 new shares, includin...
Business Operations and StrategyStock BuybackShareholder Meetings
Afentra Wins Strong Shareholder Backing at 2026 AGM
Positive
Jun 23, 2026
Afentra’s shareholders overwhelmingly backed all resolutions at the company’s 2026 annual general meeting, including the adoption of its 2025 annual report and accounts, approval of the directors’ remuneration report and policy, ...
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
Afentra Raises US$42.7 Million After Oversubscribed Retail Offer
Positive
Jun 9, 2026
Afentra has reported that its WRAP Retail Offer was oversubscribed, reflecting strong demand from existing retail shareholders and new investors for its African-focused upstream oil and gas strategy. The offer raised £2 million in gross proce...
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
Afentra Sets Online General Meeting to Approve Shares in $40m Fundraise
Positive
Jun 9, 2026
Afentra has circulated a shareholder circular and convened a 25 June electronic general meeting to approve the issue of new shares linked to its recently announced US$40m equity placing. The capital raise, achieved through the placement of 44.3m n...
Business Operations and StrategyPrivate Placements and Financing
Afentra Steps Up Investor Outreach With Fundraising Update Interview
Positive
Jun 4, 2026
Afentra has released a fundraising update interview with chief executive Paul McDade, offering investors additional background on its recently announced placing and parallel retail offer conducted via the Winterflood Retail Access Platform. The mo...
Business Operations and StrategyPrivate Placements and Financing
Afentra Opens £2m UK Retail Share Offer Alongside $40m Placing
Positive
Jun 4, 2026
Afentra has launched a retail share offer via the Winterflood Retail Access Platform to raise up to £2 million by issuing up to 2,985,074 new shares at 67 pence each to eligible UK investors. The offer sits alongside a previously announced in...
Business Operations and StrategyPrivate Placements and Financing
Afentra Raises US$40m in Oversubscribed Share Placing to Back African Growth Drive
Positive
Jun 4, 2026
Afentra plc has raised US$40 million in gross proceeds through an oversubscribed equity placing of 44.3 million new shares, priced at 67 pence, representing 19.6% of its existing share capital. The fundraising, split between a firm and a condition...
Business Operations and StrategyPrivate Placements and Financing
Afentra to Raise US$40m to Accelerate Angola-Focused Growth Push
Positive
Jun 3, 2026
Afentra plans to raise about US$40 million through an equity placing and a UK retail offer at 67 pence per share, a roughly 5% discount to the prior close, after receiving investor indications in excess of the target. The proceeds will complement ...
Business Operations and Strategy
Afentra Secures Operated Stake in Angola’s KON4 Block to Bolster Kwanza Basin Portfolio
Positive
May 27, 2026
Afentra has secured formal approval for a Risk Service Contract granting it a 35% operated stake in onshore Block KON4 in Angola’s Kwanza basin, alongside Angolan partners. The award deepens its strategic foothold in the basin and adds to it...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.