Afentra (GB:AET)
LSE:AET
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Afentra
(LSE:AET)
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Rating:53Neutral
Price Target:
63.00 p
▼(-16.89% Downside)
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
Balance sheet health
Afentra's materially lower debt-to-equity and sizeable equity base provide durable financial flexibility. Manageable leverage reduces refinancing pressure across commodity cycles, supports disciplined acquisitions and capital allocation, and cushions the company against downside cash-flow shocks.
Negative Factors
Revenue decline and earnings volatility
A sharp top-line drop and a swing to a net loss in 2025 highlight persistent earnings volatility. Sustained or recurring revenue weakness undermines ability to self-fund growth, complicates planning for acquisitions or payouts, and raises execution risk for the stated buy-and-manage strategy.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet health
Afentra's materially lower debt-to-equity and sizeable equity base provide durable financial flexibility. Manageable leverage reduces refinancing pressure across commodity cycles, supports disciplined acquisitions and capital allocation, and cushions the company against downside cash-flow shocks.
Read all positive factors
Afentra (AET) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£153.99M
Dividend YieldN/A
Average Volume (3M)589.11K
Price to Earnings (P/E)―
Beta (1Y)0.44
Revenue Growth-38.66%
EPS Growth-105.50%
CountryUK
Employees13
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding248,771,590
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)0.35
Revenue Forecast (FY)£208.67M
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
Negative
75.80
Price Trends
73.90
Negative
67.66
Negative
55.95
Positive
Market Momentum
-2.95
Positive
36.34
Neutral
13.80
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AET, the sentiment is Negative. The current price of 75.8 is above the 20-day moving average (MA) of 69.21, above the 50-day MA of 73.90, and above the 200-day MA of 55.95, indicating a neutral trend. The MACD of -2.95 indicates Positive momentum. The RSI at 36.34 is Neutral, neither overbought nor oversold. The STOCH value of 13.80 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | £105.61M | -21.32 | 1.89% | 6.46% | -18.06% | -127.50% | |
72 Outperform | £47.13M | 5.50 | 14.81% | ― | -58.10% | 100.00% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
53 Neutral | £153.99M | -1,218.65 | -0.15% | ― | -38.66% | -105.50% | |
52 Neutral | £183.62M | 36.01 | -2.23% | ― | -47.84% | -277.39% | |
52 Neutral | £114.11M | -28.50 | -18.36% | ― | 21.14% | 10.00% | |
49 Neutral | £115.86M | -106.42 | -0.47% | ― | ― | 7.69% |
* Energy Sector Average
GB:AET
Afentra
63.20
11.80
22.96%
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80.22%
GB:CASP
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2.00
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GB:TLW
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GB:AEX
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2.58
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GB:PHAR
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31.09%
Afentra Corporate Events
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...
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...
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.