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Afentra
(LSE:AET)
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Rating:60Neutral
Price Target:
85.00 p
▲(16.12% Upside)
Action:Reiterated
Date:08/17/26
The score is primarily held back by volatile financial performance and weaker cash-flow quality in 2025 (including deeply negative free cash flow), despite a comparatively solid balance sheet. Technical indicators are supportive and indicate positive momentum, but valuation is unattractive/less meaningful due to negative earnings and no stated dividend yield.
Positive Factors
Manageable Leverage
Improving leverage provides Afentra with a more resilient balance sheet and greater flexibility to manage producing assets, fund development, or absorb operational volatility. Sizeable equity relative to assets also offers a stronger buffer than the company’s recent earnings performance alone would suggest.
Negative Factors
Revenue Contraction and Loss
The sharp revenue contraction and move into a net loss show that Afentra’s earnings base is not yet consistent across reporting periods. Persistently weaker revenue would reduce internal funding capacity and make future performance more dependent on a recovery in asset output or operating conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
Improving leverage provides Afentra with a more resilient balance sheet and greater flexibility to manage producing assets, fund development, or absorb operational volatility. Sizeable equity relative to assets also offers a stronger buffer than the company’s recent earnings performance alone would suggest.
Read all positive factors
Afentra (AET) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£206.34M
Dividend YieldN/A
Average Volume (3M)638.37K
Price to Earnings (P/E)―
Beta (1Y)0.31
Revenue Growth-38.66%
EPS Growth-105.50%
CountryUK
Employees22
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding275,134,920
10 Day Avg. Volume402,537
30 Day Avg. Volume638,365
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
£125.00Price Target Upside70.77% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.27
Revenue Forecast (FY)£194.16M
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 by earning its share of hydrocarbons produced from the oil and gas assets in which it holds working interests. Revenue is generated through the sale of crude oil (and any associated gas or liquids where applicable), t...
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
73.20
Price Trends
66.46
Positive
69.00
Positive
61.18
Positive
Market Momentum
3.10
Negative
64.23
Neutral
75.84
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 73.2 is below the 20-day moving average (MA) of 74.35, above the 50-day MA of 66.46, and above the 200-day MA of 61.18, indicating a bullish trend. The MACD of 3.10 indicates Negative momentum. The RSI at 64.23 is Neutral, neither overbought nor oversold. The STOCH value of 75.84 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | £44.77M | 3.47 | 22.39% | 2.11% | ― | ― | |
74 Outperform | £122.52M | -24.48 | -2.30% | 4.48% | -18.06% | -127.50% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
60 Neutral | £206.34M | -1,287.40 | -0.15% | ― | -38.66% | -105.50% | |
58 Neutral | £109.64M | -27.60 | -18.36% | ― | 21.14% | 10.00% | |
54 Neutral | £315.12M | 70.28 | -2.23% | 2.73% | -47.84% | -277.39% | |
52 Neutral | £88.61M | -84.90 | -0.47% | ― | ― | 7.69% |
* Energy Sector Average
GB:AET
Afentra
80.80
26.20
47.99%
GB:BOR
Borders & Southern Petroleum
10.00
-1.50
-13.04%
GB:CASP
Caspian Sunrise
1.90
-0.25
-11.63%
GB:TLW
Tullow Oil
21.25
10.65
100.47%
GB:AEX
Aminex plc
2.10
0.00
0.00%
GB:PHAR
Pharos Energy
29.80
9.46
46.48%
Afentra Corporate Events
Business Operations and Strategy
Afentra Secures Major Pacassa SW Oil Find and Boosts Angolan Output
Positive
Aug 11, 2026
Afentra has reported a significant operational milestone offshore Angola, announcing a successful oil discovery at the Pacassa SW well that encountered 136 metres of net oil pay in the Albian Pinda carbonate reservoir. The discovery supports earli...
Business Operations and StrategyExecutive/Board Changes
Afentra CFO Anastasia Deulina to Step Down in 2027 After Transition Period
Neutral
Aug 4, 2026
Afentra has announced that Chief Financial Officer and board member Anastasia Deulina has tendered her resignation for personal reasons, effective 3 February 2027, and will remain in post until then to support an orderly transition. The board will...
Other
Afentra Directors Reshape Shareholdings as CFO and NED Increase Stakes
Positive
Jul 10, 2026
Afentra disclosed a series of director and PDMR share dealings involving the transfer of ordinary shares into ISA and trading accounts. Chief Operating Officer Ian Cloke and his closely associated person Elizabeth Bingham restructured their holdin...
Business Operations and StrategyExecutive/Board Changes
Afentra executives exercise founders’ options and receive new LTIP awards
Positive
Jul 9, 2026
Afentra has completed the exercise of all remaining nil-cost options granted to its executive directors under its Founders’ Share Plan, a five-year incentive scheme linked to total shareholder return, and partly satisfied the awards through ...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Afentra doubles down on independent growth strategy with Angolan drilling push and $125m refinancing
Positive
Jul 7, 2026
Afentra has concluded a strategic review by committing to pursue its next phase of growth as an independent exploration and production company, backing this stance with a major refinancing and equity raise. The group reported net average productio...
Business Operations and StrategyRegulatory Filings and Compliance
Afentra Sets Voting Rights Benchmark with Updated Share Capital Figure
Positive
Jul 1, 2026
Afentra plc has confirmed that its total issued share capital stands at 273,456,304 ordinary shares, all of which carry voting rights, with no shares held in treasury. This disclosure sets the formal denominator for shareholders calculating whethe...
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
Afentra completes equity fundraising after shareholder approval
Positive
Jun 25, 2026
Afentra has secured shareholder approval for all resolutions at its general meeting, paving the way to complete its equity fundraising via a conditional placing and retail offer. The vote allows the company to issue 24,684,714 new shares, includin...
Business Operations and StrategyStock BuybackShareholder Meetings
Afentra Wins Strong Shareholder Backing at 2026 AGM
Positive
Jun 23, 2026
Afentra’s shareholders overwhelmingly backed all resolutions at the company’s 2026 annual general meeting, including the adoption of its 2025 annual report and accounts, approval of the directors’ remuneration report and policy, ...
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...
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.