IGas Energy PLC (GB:STAR)
LSE:STAR
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IGas Energy
(LSE:STAR)
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Rating:55Neutral
Price Target:
19.50 p
▲(105.26% Upside)
Action:Reiterated
Date:05/03/26
The score is held back primarily by weak financial performance (multi-year revenue decline, persistent net losses, and weakening free cash flow), partially offset by favorable technicals (price above key moving averages and positive MACD). Valuation is neutral-to-cautious due to a negative P/E and no stated dividend yield.
Positive Factors
Manageable leverage and falling debt
Reported debt fell from 2024 to 2025 and leverage is described as manageable with debt below equity. Lower absolute debt reduces interest and refinancing pressure, improving financial flexibility to fund operations or targeted capex over the coming months and cushions the company against commodity volatility.
Negative Factors
Multi-year revenue decline
Sustained revenue decline over multiple years erodes scale economics and reduces headroom to absorb fixed field costs. Continued top-line contraction pressures margins and limits the firm's ability to reinvest in production or exploration, increasing reliance on cost cuts or external financing to maintain operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage and falling debt
Reported debt fell from 2024 to 2025 and leverage is described as manageable with debt below equity. Lower absolute debt reduces interest and refinancing pressure, improving financial flexibility to fund operations or targeted capex over the coming months and cushions the company against commodity volatility.
Read all positive factors
IGas Energy (STAR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£33.78M
Dividend YieldN/A
Average Volume (3M)747.11K
Price to Earnings (P/E)―
Beta (1Y)-0.27
Revenue Growth-20.46%
EPS Growth35.99%
CountryUK
Employees137
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.06
Shares Outstanding193,032,380
10 Day Avg. Volume88,348
30 Day Avg. Volume747,108
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.35
Price to Sales (P/S)0.36
P/FCF Ratio-234.19
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)-0.03
Revenue Forecast (FY)£37.58M
IGas Energy Business Overview & Revenue Model
Company Description
Star Energy Group Plc operates as a United Kingdom-based enterprise focused on the exploration, advancement, processing, and extraction of oil and natural gas resources. The company manages substantial onshore oil and gas deposits located in the E...
How the Company Makes Money
IGas Energy primarily makes money by producing and selling hydrocarbons (oil and natural gas) from its UK onshore fields. Revenue is generated from the sale of produced volumes to commodity buyers/market counterparties, with realized income largel...
IGas Energy Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
56
Neutral
Cash Flow
49
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 34.72M | 43.65M | 49.47M | 59.17M | 37.92M |
| Gross Profit | 3.10M | 12.28M | 14.44M | 28.85M | 14.02M |
| EBITDA | 7.51M | 6.78M | 15.39M | -8.40M | -3.94M |
| Net Income | -7.30M | -11.29M | -4.49M | -11.78M | -6.24M |
Balance Sheet | |||||
| Total Assets | 124.17M | 133.97M | 145.29M | 148.99M | 168.40M |
| Cash, Cash Equivalents and Short-Term Investments | 7.61M | 4.71M | 3.85M | 3.09M | 3.29M |
| Total Debt | 18.47M | 20.85M | 13.20M | 16.52M | 22.01M |
| Total Liabilities | 89.39M | 91.32M | 90.42M | 90.71M | 99.78M |
| Stockholders Equity | 35.97M | 43.69M | 54.63M | 58.27M | 68.62M |
Cash Flow | |||||
| Free Cash Flow | -53.00K | 67.00K | 7.35M | 10.23M | 2.33M |
| Operating Cash Flow | 5.18M | 5.65M | 15.86M | 18.15M | 7.13M |
| Investing Cash Flow | 1.11M | -9.54M | -9.62M | -7.91M | -4.80M |
| Financing Cash Flow | -2.76M | 4.81M | -5.22M | -10.66M | -1.53M |
IGas Energy Technical Analysis
Neutral
9.50
Price Trends
16.90
Positive
14.77
Positive
11.51
Positive
Market Momentum
0.56
Positive
46.04
Neutral
40.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:STAR, the sentiment is Neutral. The current price of 9.5 is below the 20-day moving average (MA) of 18.34, below the 50-day MA of 16.90, and below the 200-day MA of 11.51, indicating a neutral trend. The MACD of 0.56 indicates Positive momentum. The RSI at 46.04 is Neutral, neither overbought nor oversold. The STOCH value of 40.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:STAR.
IGas Energy Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | £20.21M | 2.65 | 32.32% | ― | -21.09% | 154.18% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
55 Neutral | £33.78M | -3.14 | -19.41% | ― | -20.46% | 35.99% | |
48 Neutral | £10.62M | -2.36 | -21.11% | ― | -17.39% | ― | |
46 Neutral | £17.44M | -6.58 | ― | ― | ― | ― | |
42 Neutral | £6.01M | -0.73 | -2.88% | ― | -36.65% | -1031.15% |
* Energy Sector Average
GB:STAR
IGas Energy
17.50
10.45
148.23%
GB:ANGS
Angus Energy
0.21
-0.03
-11.25%
GB:EOG
Europa Oil & Gas (Holdings)
1.33
0.83
165.00%
GB:PMG
The Parkmead
18.50
3.00
19.35%
GB:UKOG
UK Oil & Gas Investments
0.01
0.00
0.00%
GB:UJO
Union Jack Oil
4.10
-5.15
-55.68%
IGas Energy Corporate Events
Business Operations and StrategyStock BuybackShareholder Meetings
Star Energy Secures Shareholder Backing for All AGM Resolutions
Positive
Jun 18, 2026
Star Energy Group plc reported that all resolutions put to shareholders at its annual general meeting on 18 June 2026 were approved by the required majorities following a poll. Shareholders backed the receipt of the 2025 accounts, the remuneration...
Business Operations and StrategyShareholder Meetings
Star Energy unveils new corporate presentation at London AGM
Positive
Jun 18, 2026
Star Energy Group plc announced that it will present a new corporate presentation at its annual general meeting in London, providing attending shareholders with updated information on the business. The same presentation has been made available on ...
Regulatory Filings and Compliance
Star Energy Executives Sell Shares to Meet Tax Liabilities After Option Exercise
Neutral
May 28, 2026
Star Energy Group has disclosed that its chief executive officer, Ross Glover, and chief financial officer, Frances Ward, have sold a combined 350,016 ordinary shares to cover tax and national insurance liabilities arising from the exercise of sha...
Regulatory Filings and Compliance
Star Energy Updates Share Capital After Executive Option Exercises
Neutral
May 26, 2026
Star Energy Group has issued 777,812 new ordinary shares at nil cost following the exercise of options by CEO Ross Glover and CFO Frances Ward under its 2015 Management Retention Plan and 2016 Executive Incentive Plan. After the exercise, Glover a...
Delistings and Listing ChangesRegulatory Filings and Compliance
Star Energy Seeks AIM Block Listing to Cover Employee Share Schemes
Neutral
May 21, 2026
Star Energy Group has applied for a block listing of 1,600,000 new ordinary shares on the London Stock Exchange’s AIM market. The shares, with a nominal value of 0.002p each, are expected to be admitted to trading shortly after 8:00 a.m. on ...
Delistings and Listing ChangesPrivate Placements and FinancingShareholder Meetings
Star Energy secures shareholder approval for fundraising and new share admission
Positive
May 18, 2026
Star Energy shareholders have approved two key resolutions at a general meeting, granting the board authority to issue equity securities, including on a non-pre-emptive basis. The strong support clears a major condition for the company’s fun...
Business Operations and StrategyPrivate Placements and Financing
Star Energy Raises £9.1m Through Share Issue and Retail Offer
Positive
May 7, 2026
Star Energy Group has completed a retail offer launched on 1 May 2026 via the BookBuild platform, raising £541,152.90 through the issue of 3,607,686 new shares at 15 pence each. Together with an institutional placing and a subscription, the c...
Private Placements and FinancingShareholder Meetings
Star Energy launches discounted retail share offer to raise up to £0.6m
Positive
May 1, 2026
Star Energy Group has launched a retail offer of up to 4 million new ordinary shares via the BookBuild platform to raise as much as £0.6 million at 15 pence per share, a 9.2% discount to the prior close. The retail tranche is separate from, a...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and FinancingShareholder Meetings
Star Energy Raises £8.5m in Placing Ahead of AIM Share Admission
Positive
May 1, 2026
Star Energy has completed a conditional placing of 56,716,664 new shares, raising about £8.5 million before expenses at 15 pence per share, a 9.2% discount to the prior close, alongside a £31,000 director subscription for 206,665 shares....
Business Operations and StrategyPrivate Placements and Financing
Star Energy launches discounted £9m equity raise to fund UK-focused growth push
Positive
Apr 30, 2026
Star Energy Group plans to raise about £8.4 million through a placing of roughly 56 million new shares at 15 pence, alongside a small director-backed subscription and a retail offer of up to £0.6 million, implying potential dilution of a...
Business Operations and StrategyDelistings and Listing Changes
Star Energy Expands Share Capital Through Employee Incentive Plan Listing
Positive
Apr 30, 2026
Star Energy Group plc has applied to list 130,424 new ordinary shares on AIM under its Share Incentive Plan, with the shares to be held by Equiniti Share Plan Trustees and ranking pari passu with existing stock. The move modestly increases the com...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Star Energy tightens balance sheet and refocuses on UK as profits remain under pressure
Neutral
Apr 29, 2026
Star Energy reported 2025 revenues of £34.7 million, adjusted EBITDA of £7.7 million and a narrowed post-tax loss of £7.8 million, while cutting net debt to £4.3 million and boosting cash to £7.6 million. Production averag...
Business Operations and StrategyM&A Transactions
Star Energy exits Croatian geothermal arm to refocus on UK assets
Positive
Apr 24, 2026
Star Energy Group has agreed to sell its Croatian geothermal subsidiary IGeoPen, which holds three exploration licences, to Enna Geo for an initial cash consideration of €1.5 million plus an earn-out of up to €1.5 million tied to futur...
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.