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IGas Energy (STAR) AI Stock Analysis

GB:STAR

IGas Energy

(LSE:STAR)

Select Model
Rating:40Underperform
Price Target:GBX 18.00â–¼(-10.00% Downside)
Action:downgraded
Date:10/02/26

The overall score reflects weak and volatile financial performance, with declining revenues, recurring losses, and shrinking equity as the dominant risk, partly balanced by positive operating cash flow and manageable leverage. Technicals are negative but oversold, suggesting near-term rebound potential without yet reversing the broader downtrend, while a loss-driven negative P/E and lack of dividends provide limited valuation support and keep the stock firmly in below-average territory.

Positive Factors
Positive operating cash flowPositive operating cash flow across the reported years provides an internal liquidity source despite volatile earnings. This supports ongoing operations and field obligations, reducing immediate reliance on external funding while the company works through inconsistent profitability.
Negative Factors
Multi-year revenue declineSeveral years of falling revenue indicate weakening top-line performance rather than a temporary quarterly setback. Continued contraction can reduce operating scale, limit funds available for asset investment, and make it harder for fixed field costs to be absorbed efficiently.

IGas Energy (STAR) vs. iShares MSCI United Kingdom ETF (EWC)

-50%0%50%100%150%200%GB:STAR+124.72%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
GBP 38.39M
Dividend Yield
―
Average Volume (3M)
172.25K
Price to Earnings (P/E)
-24.0
Beta (1Y)
-0.17
Revenue Growth
2.40%
EPS Growth
91.98%
Country
UK
Employees
114
Sector
Energy
Sector Strength
65
Industry
Oil & Gas Exploration & Production

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 East...

How the Company Makes Money

IGas Energy makes money primarily by producing and selling hydrocarbons (crude oil, natural gas, and associated liquids) from its onshore UK fields. Revenue is generated from the sale of produced volumes to downstream buyers at prices linked to preva...

IGas Energy Financial Statement Overview

Summary

Falling revenues, persistent losses, and steadily eroded equity point to a fragile financial profile, partly offset by manageable leverage and consistently positive operating cash flow.

Income Statement

28Negative

Balance Sheet

52Neutral

Cash Flow

40Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue39.65M34.72M43.65M49.47M59.17M37.92M
Gross Profit9.09M3.10M12.28M14.44M27.07M12.25M
EBITDA13.12M7.51M6.78M15.39M-10.15M-5.60M
Net Income-844.00K-7.30M-11.29M-4.49M-11.78M-6.24M
Balance Sheet
Total Assets134.63M124.17M133.97M145.29M148.99M168.40M
Cash, Cash Equivalents and Short-Term Investments20.17M7.61M4.71M4.26M3.09M3.29M
Total Debt17.31M18.47M20.85M13.20M16.52M22.01M
Total Liabilities88.84M89.39M91.32M90.42M90.71M99.78M
Stockholders Equity47.14M35.97M43.69M54.63M58.27M68.62M
Cash Flow
Free Cash Flow416.00K-53.00K67.00K7.35M10.23M2.33M
Operating Cash Flow6.79M5.18M5.65M15.86M18.15M7.13M
Investing Cash Flow-6.46M1.11M-9.54M-9.62M-7.91M-4.80M
Financing Cash Flow11.00M-2.76M4.81M-5.22M-10.66M-1.53M

IGas Energy Technical Analysis

Technical Analysis SentimentNegative
Last Price20.00

Price Trends

50DMA21.21Negative
100DMA20.73Negative
200DMA17.52Positive

Market Momentum

MACD-0.32Negative
RSI44.43Neutral
STOCH41.67Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:STAR, the sentiment is Negative. The current price of 20.00 is below the 20-day moving average (MA) of 20.05, below the 50-day MA of 21.21, and above the 200-day MA of 17.52, indicating a neutral trend. The MACD of -0.32 indicates Negative momentum. The RSI at 44.43 is Neutral, neither overbought nor oversold. The STOCH value of 41.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:STAR.

IGas Energy Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

GB:STAR against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
GB:PMGGB:PMG76OutperformGBP 21.31M2.7928.76%―-21.09%154.18%
Sector *65Neutral$15.17B7.614.09%5.20%3.87%-62.32%
GB:STARGB:STAR40UnderperformGBP 38.62M-23.95-2.03%―2.40%91.98%
GB:EOGGB:EOG39UnderperformGBP 18.76M-17.81-69.60%―――
GB:UJOGB:UJO37UnderperformGBP 2.67M-0.31-45.39%―-4.12%-889.83%
GB:ANGSGB:ANGS36UnderperformGBP 14.42M-17.52-1.67%―-22.80%95.24%

* Energy Sector Average

Performance Comparison

0%100%200%GB:STARGB:ANGSGB:EOGGB:PMGGB:UJODec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
GB:STAR and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:STARIGas Energy20.0011.40132.56%
GB:ANGSAngus Energy0.18-0.06-25.00%
GB:EOGEuropa Oil & Gas (Holdings)1.43-0.32-18.57%
GB:PMGThe Parkmead19.505.7541.82%
GB:UJOUnion Jack Oil1.82-2.13-53.80%

IGas Energy Corporate Events

Business Operations and StrategyFinancial Disclosures

Star Energy to Brief Investors on Interim Results via Online Presentation

Positive
Sep 18, 2026

Star Energy Group plc will host an investor presentation and Q&A via the Investor Meet Company platform on 22 September 2026, following the release of its interim results for the six months to 30 June 2026. The online event is open to existing an...

Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing

Star Energy Shifts From Repair to Growth After Strengthening Balance Sheet

Positive
Sep 16, 2026

Star Energy reported a sharp improvement in its financial position for the first half of 2026, moving from net debt to net cash and nearly doubling cash balances, underpinned by a £8.5 million equity raise and pending proceeds from the sale of i...

Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing

Star Energy strengthens balance sheet and targets disciplined UK-focused growth

Positive
Sep 16, 2026

Star Energy reported a sharp improvement in its financial position in the first half of 2026, moving from net debt to net cash and nearly doubling cash balances after a £8.5 million equity raise. Revenues rose to £23.2 million and adjusted...

Business Operations and StrategyDelistings and Listing ChangesRegulatory Filings and Compliance

Star Energy boosts employee share plan with new AIM listing

Positive
Jul 28, 2026

Star Energy Group has applied to list 55,800 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. Following this issuance, the company’...

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.

Date of analysis: Oct 02, 2026