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IGas Energy ( (GB:STAR) ) has provided an announcement.
Star Energy Group PLC reported its unaudited interim results for the first half of 2025, highlighting the challenges posed by the UK’s Energy Profits Levy and regulatory environment. Despite these hurdles, the company remains committed to advancing its geothermal projects and optimizing its oil and gas operations. The company has made strategic investments in its Singleton gas-to-wire project and geothermal initiatives in the UK and Croatia. Financially, Star Energy experienced a decrease in revenues due to lower commodity prices and production but managed to reduce net debt and administrative costs. The company is actively seeking government support to realize the potential of geothermal energy, which is seen as crucial for energy security and economic growth.
The most recent analyst rating on (GB:STAR) stock is a Hold with a £6.50 price target. To see the full list of analyst forecasts on IGas Energy stock, see the GB:STAR Stock Forecast page.
Spark’s Take on GB:STAR Stock
According to Spark, TipRanks’ AI Analyst, GB:STAR is a Neutral.
Star Energy’s overall stock score is impacted by significant financial struggles and bearish technical indicators. However, positive corporate events and strategic initiatives towards geothermal energy provide a hopeful outlook for future growth and stability.
To see Spark’s full report on GB:STAR stock, click here.
More about IGas Energy
Star Energy Group PLC operates in the energy sector, focusing on oil, gas, and geothermal energy. The company is dedicated to managing its oil and gas assets responsibly while reinvesting in geothermal opportunities, with a market focus on enhancing energy security and supporting the energy transition in the UK and Croatia.
Average Trading Volume: 105,189
Technical Sentiment Signal: Sell
Current Market Cap: £8.5M
See more data about STAR stock on TipRanks’ Stock Analysis page.