Ascent Resources PLC (GB:AST)
LSE:AST
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Ascent Resources
(LSE:AST)
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Rating:43Neutral
Price Target:
0.34 p
▼(-16.00% Downside)
Action:N/ADate:01/04/26
The score is primarily constrained by weak financial performance—zero revenue in 2024, persistent losses, negative equity, rising debt, and ongoing cash burn. Technicals add further pressure with the stock below key moving averages and negative MACD, while valuation impact is neutral due to missing P/E and dividend data.
Positive Factors
Focused Appalachian basin footprint
A concentrated operating footprint in the Appalachian/Utica shale supports repeatable execution, local infrastructure familiarity and potential scale efficiencies. Over months this reduces operational complexity, aids drilling optimization, and can lower per-well costs versus a fragmented asset base.
Negative Factors
Zero revenue in 2024
Reporting zero revenue for 2024 is a clear structural impairment: it severs operating cash inflows and undermines sustainability. Without recurring sales, the company must rely on financing or asset disposals, making long-term production plans and investment highly uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Focused Appalachian basin footprint
A concentrated operating footprint in the Appalachian/Utica shale supports repeatable execution, local infrastructure familiarity and potential scale efficiencies. Over months this reduces operational complexity, aids drilling optimization, and can lower per-well costs versus a fragmented asset base.
Read all positive factors
Ascent Resources (AST) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£4.05M
Dividend YieldN/A
Average Volume (3M)2.14M
Price to Earnings (P/E)―
Beta (1Y)0.40
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees7
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding810,887,450
10 Day Avg. Volume894,401
30 Day Avg. Volume2,138,295
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)-11.70
Price to Sales (P/S)0.00
P/FCF Ratio-3.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ascent Resources Business Overview & Revenue Model
Company Description
Ascent Resources Plc, together with its subsidiaries, operates as an independent oil and gas exploration and production company in Slovenia and the United Kingdom. It primarily holds a 75% interest in the Petisvoci Tight gas project located in nor...
How the Company Makes Money
Ascent Resources makes money by producing and selling hydrocarbons—primarily natural gas, and to a lesser extent natural gas liquids (NGLs) and crude oil/condensate—from its operated and non-operated wells. Revenue is generated when produced volum...
Ascent Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Jun 2022 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 77.00K | 0.00 | 1.41M | 581.00K | 0.00 | 0.00 |
| Gross Profit | -459.00K | -28.00K | 785.00K | -463.00K | -347.00K | -517.00K |
| EBITDA | -2.78M | -2.52M | -811.00K | -41.32M | -1.61M | -2.40M |
| Net Income | -2.93M | -2.73M | -851.00K | -41.89M | -1.97M | -2.83M |
Balance Sheet | ||||||
| Total Assets | 2.21M | 2.13M | 1.06M | 640.00K | 40.63M | 42.67M |
| Cash, Cash Equivalents and Short-Term Investments | 458.00K | 111.00K | 475.00K | 325.00K | 97.00K | 115.00K |
| Total Debt | 540.00K | 780.00K | 189.00K | 521.00K | 541.00K | 202.00K |
| Total Liabilities | 2.51M | 2.60M | 1.44M | 2.16M | 2.07M | 1.68M |
| Stockholders Equity | -299.00K | -468.00K | -378.00K | -1.52M | 38.56M | 40.99M |
Cash Flow | ||||||
| Free Cash Flow | -1.58M | -1.44M | -1.35M | -1.24M | -1.48M | -1.38M |
| Operating Cash Flow | -1.58M | -1.44M | -1.35M | -1.24M | -1.47M | -1.38M |
| Investing Cash Flow | -419.00K | -797.00K | -1.00K | -1.00K | -3.00K | 0.00 |
| Financing Cash Flow | 2.33M | 1.88M | 1.50M | 1.44M | 1.46M | 1.39M |
Ascent Resources Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | £4.98M | -4.82 | -2.88% | ― | ― | ― | |
52 Neutral | £7.47M | -4.18 | -14.83% | ― | ― | ― | |
43 Neutral | £4.05M | -0.31 | ― | ― | ― | ― | |
42 Neutral | £3.15M | ― | ― | ― | ― | 89.39% | |
41 Neutral | £2.65M | -1.60 | -594.72% | ― | ― | ― |
* Energy Sector Average
GB:AST
Ascent Resources
0.50
-0.55
-52.38%
GB:DELT
Deltic Energy
2.85
-0.98
-25.59%
GB:EME
Empyrean Energy
0.06
-0.05
-48.60%
GB:UOG
United Oil & Gas Plc
0.17
0.08
88.89%
GB:TOM
TomCo Energy
0.03
>-0.01
-17.50%
GB:UJO
Union Jack Oil
3.40
-6.50
-65.66%
Ascent Resources Corporate Events
Executive/Board ChangesRegulatory Filings and Compliance
Ascent Resources Grants Premium-Priced Share Options to Board Members
Positive
Mar 16, 2026
Ascent Resources has granted 30 million share options over its ordinary shares, split equally between its non-executive chairman and a non-executive director. The options, exercisable at 0.65 pence per share, vest in three tranches between March 2...
Business Operations and StrategyLegal Proceedings
Ascent Resources Strengthens Legal Position in Slovenian Disputes
Positive
Mar 11, 2026
Ascent Resources said its legal position in long-running Slovenian disputes has been strengthened after a Slovenian court fully rejected a jurisdictional challenge by Geoenergo to a domestic arbitration tribunal. The ruling supports Ascent Sloveni...
Business Operations and StrategyExecutive/Board Changes
Ascent Resources Awards 50 Million Share Options to Senior Management
Positive
Jan 28, 2026
Ascent Resources has granted options over 50 million ordinary shares to members of its senior management team, including 25 million options to Chief Executive David Patterson, under individual share option agreements. The options, exercisable at 0...
Business Operations and StrategyLegal Proceedings
Ascent Resources Nears Tribunal Ruling in Slovenia Investment Dispute
Neutral
Jan 14, 2026
Ascent Resources has reported progress in its Energy Charter Treaty claim against the Republic of Slovenia, with the International Centre for Settlement of Investment Disputes confirming that the arbitration tribunal has advanced work on its draft...
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.