Afentra (GB:AET)
LSE:AET
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Afentra
(LSE:AET)
Select Model
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Rating:53Neutral
Price Target:
76.00 p
▲(0.26% Upside)
Action:Downgraded
Date:05/15/26
The score is primarily held back by volatile recent fundamentals—2025 revenue decline, a return to net losses, and deeply negative free cash flow—despite a comparatively sound balance sheet. Technical indicators are mostly neutral with a slightly negative momentum tilt (negative MACD), and valuation metrics are unfavorable due to the negative P/E and lack of dividend yield data.
Positive Factors
Manageable leverage
Improved debt-to-equity and sizeable equity relative to assets provide financial flexibility. Durable lower leverage helps the company withstand commodity cycles, supports funding for opportunistic asset purchases, and reduces refinancing pressure over the medium term.
Negative Factors
Revenue and earnings volatility
A large year-over-year revenue drop and swing to net loss highlight material earnings volatility. This undermines predictability for cashflows and returns, complicates capital allocation and investor visibility, and raises execution risk around sustaining earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage
Improved debt-to-equity and sizeable equity relative to assets provide financial flexibility. Durable lower leverage helps the company withstand commodity cycles, supports funding for opportunistic asset purchases, and reduces refinancing pressure over the medium term.
Read all positive factors
Afentra (AET) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£167.36M
Dividend YieldN/A
Average Volume (3M)589.11K
Price to Earnings (P/E)―
Beta (1Y)0.41
Revenue Growth-38.66%
EPS Growth-105.45%
CountryUK
Employees13
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)<0.01
Shares Outstanding226,155,990
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
£118.00Price Target Upside55.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.31
Revenue Forecast (FY)£205.28M
Afentra Business Overview & Revenue Model
Company Description
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 exploratio...
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
75.80
Price Trends
75.20
Positive
61.64
Positive
53.59
Positive
Market Momentum
-0.45
Positive
51.24
Neutral
72.06
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 75.8 is above the 20-day moving average (MA) of 75.11, above the 50-day MA of 75.20, and above the 200-day MA of 53.59, indicating a bullish trend. The MACD of -0.45 indicates Positive momentum. The RSI at 51.24 is Neutral, neither overbought nor oversold. The STOCH value of 72.06 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | £121.29M | -7.76 | 1.89% | 6.46% | -18.06% | -127.50% | |
72 Outperform | £55.37M | -8.77 | 12.09% | ― | -58.10% | 100.00% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
53 Neutral | £167.36M | -38.48 | -0.15% | ― | -38.66% | -105.45% | |
52 Neutral | £264.33M | 18.32 | -2.23% | ― | -47.84% | -277.39% | |
52 Neutral | £102.93M | -7.05 | -18.36% | ― | 21.14% | 10.00% |
* Energy Sector Average
GB:AET
Afentra
74.20
31.70
74.59%
GB:BOR
Borders & Southern Petroleum
11.75
5.45
86.51%
GB:CASP
Caspian Sunrise
2.25
-0.30
-11.76%
GB:TLW
Tullow Oil
16.84
2.90
20.80%
GB:AEX
Aminex plc
2.30
1.12
95.74%
GB:PHAR
Pharos Energy
28.20
9.84
53.63%
Afentra Corporate Events
Financial DisclosuresShareholder Meetings
Afentra Publishes 2025 Annual Report and Sets Date for Online AGM
Positive
May 14, 2026
Afentra has published its Annual Report and Financial Statements for the year ended 31 December 2025, along with the notice of its 2025 Annual General Meeting, which are now available on the company’s website. The move provides shareholders ...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Afentra opts to stay independent as new $125m facility underpins Angolan growth
Positive
May 13, 2026
Afentra reported 2025 net average production of 6,324 barrels of oil per day and crude sales of 1.63 million barrels generating $114.4 million in revenue, supported by a fourfold increase in 2C contingent resources to 87.3 million boe and the awar...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Afentra boosts Angolan output, ramps drilling and refinancing in strong Q1
Positive
Apr 23, 2026
Afentra reported a solid operational start to 2026, with net average production of 5,958 barrels of oil per day from its Angolan offshore interests in blocks 3/05 and 3/05A, and revenue of $33.8 million from a January cargo of 517,643 barrels sold...
Business Operations and Strategy
Afentra Fast-Tracks Angola Block 3/05 Drilling with Sonangol-Funded Rig Deal
Positive
Mar 30, 2026
Afentra has accelerated its 2026 drilling programme on Angola’s offshore Block 3/05 after securing access to the Borr Grid jack-up rig through a commercial agreement with Sonangol, enabling a two-well campaign to start in the coming days wit...
Business Operations and StrategyExecutive/Board ChangesStock Buyback
Afentra completes vesting of founders’ incentive plan while managing dilution risk
Positive
Mar 25, 2026
Afentra has completed the vesting of awards under its five-year Founders’ Share Plan for executive directors, converting conditional awards tied to Total Shareholder Return since March 2021 into fully vested nil-cost options. The final measu...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Afentra launches strategic review and potential sale as Angolan growth accelerates
Positive
Mar 19, 2026
Afentra has launched a strategic review and possible sale process for its entire issued and to-be-issued share capital after a period of rapid expansion in Angola, where it has become one of the few independent operators amid divestments by major ...
Business Operations and StrategyM&A Transactions
Afentra Reshapes Etu Angola Deal as Sonangol Joins Block 3/05, 3/05A Acquisition
Positive
Mar 19, 2026
Afentra has restructured its planned acquisition from Etu Energias in Angola’s offshore Blocks 3/05 and 3/05A after national oil company Sonangol, the operator, exercised pre-emption rights to join Afentra and Maurel Prom in the deal. Under...
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.