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Momentum
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52w High
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Growth & Value

Margin of Safety (beta)
Screens Passed 3 / 1
Balance Sheet · Income Statement · Cashflow Financial Summary
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Average Shares m
Book Value ps $ +15.8%

FINANCIAL BRIEF: For the nine months ended 30 September 2014, Afren Plc revenues decreased 34% to $798.5M. Net income before extraordinary items increased 30% to $169.3M. Revenues reflect Kurdistan region of Iraq segment decrease from $2.5M to $0K, Oil Equivalent Production/day- Ebok decrease of 23% to 26K barrels per day. Net Income benefited from Unallocated segment loss decrease of 21% to $17.3M. more »

Health Trend

Bankruptcy Risk

  Earnings Manipulation Risk

Magic Formula Score
A-
A-

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Recent History
Latest interim period (ended 30th Sep '14) vs. prior year
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Broker Forecasts
31st Dec 2014
31st Dec 2015

Price Target: $2.16 (+112.91% above Price) Net Profit EPS DPS Net Profit EPS DPS
Est. Long Term Growth Rate: -14.9% ($) ($) ($) ($) ($) ($)
Consensus Estimate
1m Change
3m Change
17 brokers Broker Consensus Trend
Broker Recommendations for Afren
Recommendation:Strong SellSellHoldBuyStrong Buy
No. of Analysts: 0 3 13 4 5

Named Brokers and Analysts
Credit Suisse Robert Mundy , Investec Bank (UK) Plc Brian Gallagher , Canaccord Genuity Thomas Martin , GMP Securities Ltd. , FirstEnergy Capital Corp. Gerry Donnelly , Renaissance Capital Ildar Davletshin , Nomura Securities Theepan Jothilingam , Arbuthnot Securities (Hist) , N+1 Brewin , Macquarie Research Kate Sloan , UniCredit Research Kofi Osafo-maafo , Wood & Company Yuriy Kukhtanych , Merrion Stockbrokers Muna Muleya , Westhouse Securities Ltd. Jamal Orazbayeva , N+1 Singer , FinnCap , Global Hunter Securities, LLC Mike Kelly , Liberum Andrew Whittock , TUDOR PICKERING & CO. SEC , VSA Capital Ltd Marc Anis-Hanna ,

Afren plc is an independent oil and gas exploration and production company operating in Africa and the Middle East. The Company has interests in 25 exploration and production licenses in 11 countries and focuses on three regions: West Africa, East Africa and the Kurdistan Region of Iraq. The Company produces 48,000 barrels of oil per day, from its assets in Nigeria and the Kurdistan region of Iraq. The Company has reported total reserves and resources of 8.6 billion barrels of oil equivalent and 2P reserves of 269 million barrels of oil equivalent. The Company has discovered the Ogo field in Nigeria.

Directors: Egbert Imomoh (CHM) , Toby Hayward (CEO) , Darra Comyn (FID) , Elekwachi Ukwu (SEC) , Sheree Bryant (NED) , Iain McLaren (NED) 63, Peter Bingham (NID) , Patrick Obath (NID) 59, John St. John (NID) ,

No. of Employees: 424 No. of Shareholders: 0


Last Annual December 31st, 2013
Last Interim September 30th, 2014
Shares in Issue 1,107,560,524
Free Float 987.7m (89.2%)
Sector Energy
Industry Oil & Gas
Index FTSE All Share Resources , FTSE All Share Oil & Gas , FTSE 350 , FTSE 350 Lower Yield , FTSE Mid 250 , FTSE 350 Oil & Gas ,
Exchange London Stock Exchange (Full)
Eligible for an ISA? a SIPP?

AFR Share Price Performance AFR Quote
58.25p
-6.9  -10.6%
Traded 5:08pm · Minimum 15 min delayed · NMS: 15.0k

Latest AFR News Announcements (delayed)

Upcoming AFR Events
Monday 23rd March, 2015 (estimate)
Full Year 2014 Afren PLC Earnings Release

Recent ↓
Tuesday 18th November, 2014
Afren PLC at Bank of America Merrill Lynch MENA & Frontier Markets Conference - Dubai
Tuesday 11th November, 2014
Afren PLC Nigerian Operations Update
Thursday 30th October, 2014
Q3 2014 Afren PLC Interim Management Statement Release
Tuesday 23rd September, 2014
Afren PLC at JPMorgan Asia & CEEMEA Emerging Markets Corporate Conference
Friday 29th August, 2014
Half Year 2014 Afren PLC Earnings Presentation
Friday 29th August, 2014
Half Year 2014 Afren PLC Earnings Release
Friday 8th August, 2014
Afren PLC Operations Update at Barda Rash, Kurdistan
Wednesday 4th June, 2014
Afren PLC Annual General Meeting
Tuesday 20th May, 2014
Afren PLC Q1 Interim Management Statement
Tuesday 13th May, 2014
Afren Plc at Citi Global Energy and Utilities Conference


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