Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
IGas Energy plc operates as an oil and gas development, exploration, and production company in the United Kingdom. The company holds interests in the 50 licenses at onshore locations in the Weald Basin in the southern England; the Gainsborough Trough in the East Midlands; the Bowland Basin in the North West of England; and the Inner Moray Firth in Scotland. It also generates electricity. As of December 31, 2021, the company had proved plus probable reserves of 15.79 millions of barrels of oil equivalent. IGas Energy plc was founded in 2003 and is based in London, the United Kingdom.
Company Valuation
From both historical and forecast perspectives, the stock is considerably underpriced compared to similar stocks. Specifically, the stock is undervalued on EV/EBITDA.