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Afentra
(LSE:AET)
Select Model
Select Model
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
Producing-asset focus
A focus on producing and near-term producing African petroleum assets can provide a clearer path to revenue than an exploration-only model. Existing production interests may support operating cash flow, while asset acquisitions and field optimization offer avenues to build scale over time.
Negative Factors
Revenue contraction
The sharp 2025 revenue decline indicates that Afentra's financial performance is highly sensitive to production, realized commodity prices, or field-level conditions. Sustained weakness would reduce funds available for investment and make future earnings less predictable over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Producing-asset focus
A focus on producing and near-term producing African petroleum assets can provide a clearer path to revenue than an exploration-only model. Existing production interests may support operating cash flow, while asset acquisitions and field optimization offer avenues to build scale over time.
Read all positive factors
Afentra (AET) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£187.93M
Dividend YieldN/A
Average Volume (3M)929.34K
Price to Earnings (P/E)―
Beta (1Y)0.38
Revenue Growth-6.06%
EPS Growth-127.98%
CountryUK
Employees22
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.05
Shares Outstanding275,134,920
10 Day Avg. Volume570,105
30 Day Avg. Volume929,339
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
£135.00Price Target Upside84.43% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.24
Revenue Forecast (FY)£190.07M
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 | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 151.91M | 116.78M | 180.86M | 26.39M | 0.00 | 0.00 |
| Gross Profit | 59.50M | 46.39M | 86.74M | 13.82M | -3.49K | -2.73K |
| EBITDA | 63.45M | 52.13M | 86.45M | 3.76M | -8.64M | -4.71M |
| Net Income | -10.41M | -3.25M | 52.35M | -2.71M | -9.20M | -5.04M |
Balance Sheet | ||||||
| Total Assets | 323.04M | 219.69M | 226.61M | 210.63M | 52.87M | 60.03M |
| Cash, Cash Equivalents and Short-Term Investments | 97.95M | 10.19M | 46.88M | 14.73M | 20.38M | 37.73M |
| Total Debt | 69.37M | 32.03M | 42.20M | 31.86M | 337.00K | 581.00K |
| Total Liabilities | 189.19M | 125.82M | 127.98M | 162.66M | 3.06M | 1.14M |
| Stockholders Equity | 133.85M | 93.87M | 98.63M | 47.97M | 49.81M | 58.89M |
Cash Flow | ||||||
| Free Cash Flow | 11.25M | -25.07M | 64.98M | 8.96M | -6.86M | -4.71M |
| Operating Cash Flow | 60.39M | 24.99M | 85.59M | 12.32M | -6.70M | -4.50M |
| Investing Cash Flow | -51.40M | -56.34M | -53.55M | -45.90M | -10.28M | -194.00K |
| Financing Cash Flow | 65.84M | -14.10M | 93.00K | 27.95M | -225.00K | -273.00K |
Afentra Technical Analysis
Negative
73.20
Price Trends
75.13
Negative
69.11
Positive
67.44
Positive
Market Momentum
-0.86
Positive
40.42
Neutral
15.29
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 73.2 is above the 20-day moving average (MA) of 72.00, below the 50-day MA of 75.13, and above the 200-day MA of 67.44, indicating a neutral trend. The MACD of -0.86 indicates Positive momentum. The RSI at 40.42 is Neutral, neither overbought nor oversold. The STOCH value of 15.29 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | £44.77M | 3.42 | 22.39% | 2.11% | ― | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | £120.46M | -37.73 | -1.49% | 4.56% | -7.76% | -176.77% | |
60 Neutral | £187.93M | -20.08 | -9.14% | ― | -6.06% | -127.98% | |
58 Neutral | £85.84M | -18.06 | -22.89% | ― | 26.79% | -10.00% | |
47 Neutral | £92.94M | -113.13 | -0.56% | ― | ― | -40.00% | |
46 Neutral | £158.17M | -3.93 | 20.15% | 2.73% | -21.40% | 30.63% |
* Energy Sector Average
GB:AET
Afentra
69.40
25.10
56.66%
GB:BOR
Borders & Southern Petroleum
10.20
-0.80
-7.27%
GB:CASP
Caspian Sunrise
1.90
-0.25
-11.63%
GB:TLW
Tullow Oil
10.44
0.44
4.40%
GB:AEX
Aminex plc
1.90
0.20
11.76%
GB:PHAR
Pharos Energy
29.20
9.33
46.96%
Afentra Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Afentra boosts balance sheet and drilling progress on Angolan assets in strong H1 2026
Positive
Sep 15, 2026
Afentra reported strong half-year 2026 results, underpinned by net average production of 5,777 barrels of oil per day and crude liftings of about 1 million barrels that generated $91 million of revenue, supported by a post-period July lifting wort...
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, ...
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.