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IGas Energy
(LSE:STAR)
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Rating:43Neutral
Price Target:
18.50 p
▼(-15.91% Downside)
Action:Reiterated
Date:10/02/26
The score is held down primarily by weak financial performance (persistent net losses, declining revenue, and deteriorating free cash flow) and bearish technicals (price below key moving averages with negative MACD). Valuation metrics are also unattractive/unclear due to a negative P/E and no dividend yield provided.
Positive Factors
Positive operating cash flow
Positive 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 decline
Several 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive operating cash flow
Positive 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.
Read all positive factors
IGas Energy (STAR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£38.62M
Dividend YieldN/A
Average Volume (3M)180.60K
Price to Earnings (P/E)―
Beta (1Y)-0.13
Revenue Growth2.40%
EPS Growth91.98%
CountryUK
Employees114
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding193,088,180
10 Day Avg. Volume185,438
30 Day Avg. Volume180,602
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)£37.53M
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 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 pr...
IGas Energy Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
56
Neutral
Cash Flow
49
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.65M | 34.72M | 43.65M | 49.47M | 59.17M | 37.92M |
| Gross Profit | 9.09M | 3.10M | 12.28M | 14.44M | 27.07M | 12.25M |
| EBITDA | 13.12M | 7.51M | 6.78M | 15.39M | -8.40M | -3.94M |
| Net Income | -844.00K | -7.30M | -11.29M | -4.49M | -11.78M | -6.24M |
Balance Sheet | ||||||
| Total Assets | 134.63M | 124.17M | 133.97M | 145.29M | 148.99M | 168.40M |
| Cash, Cash Equivalents and Short-Term Investments | 20.17M | 7.61M | 4.71M | 4.26M | 3.09M | 3.29M |
| Total Debt | 17.31M | 18.47M | 20.85M | 13.20M | 16.52M | 22.01M |
| Total Liabilities | 88.84M | 89.39M | 91.32M | 90.42M | 90.71M | 99.78M |
| Stockholders Equity | 47.14M | 35.97M | 43.69M | 54.63M | 58.27M | 68.62M |
Cash Flow | ||||||
| Free Cash Flow | 416.00K | -53.00K | 67.00K | 7.35M | 10.23M | 2.33M |
| Operating Cash Flow | 6.79M | 5.18M | 5.65M | 15.86M | 18.15M | 7.13M |
| Investing Cash Flow | -6.46M | 1.11M | -9.54M | -9.62M | -7.91M | -4.80M |
| Financing Cash Flow | 11.00M | -2.76M | 4.81M | -5.22M | -10.66M | -1.53M |
IGas Energy Technical Analysis
Negative
22.00
Price Trends
22.42
Negative
20.25
Negative
16.46
Positive
Market Momentum
-0.34
Positive
36.18
Neutral
15.00
Positive
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 22 is below the 20-day moving average (MA) of 22.09, below the 50-day MA of 22.42, and above the 200-day MA of 16.46, indicating a neutral trend. The MACD of -0.34 indicates Positive momentum. The RSI at 36.18 is Neutral, neither overbought nor oversold. The STOCH value of 15.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | £21.31M | 2.79 | 28.76% | ― | -21.09% | 154.18% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
46 Neutral | £14.82M | -17.52 | -1.67% | ― | -22.80% | 95.24% | |
46 Neutral | £22.38M | -8.50 | -78.82% | ― | ― | ― | |
45 Neutral | £4.18M | -0.49 | -45.39% | 1.61% | -4.12% | -889.83% | |
43 Neutral | £38.62M | -22.89 | -2.03% | ― | 2.40% | 91.98% |
* Energy Sector Average
GB:STAR
IGas Energy
20.00
12.50
166.67%
GB:ANGS
Angus Energy
0.19
-0.05
-22.92%
GB:EOG
Europa Oil & Gas (Holdings)
1.70
0.45
36.00%
GB:PMG
The Parkmead
19.50
5.50
39.29%
GB:UJO
Union Jack Oil
2.85
-2.00
-41.24%
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 QA 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 and ...
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 o...
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 adjust...
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 companyR...
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.