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Equities researchers at Northland Securities dropped their target price on shares of Chariot Oil & Gas Limited (LON:CHAR) from GBX 40.50 ($0.69) to GBX 28 ($0.48) in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock. Northland Securities’ target price would indicate a potential upside of 67.16% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Cantor Fitzgerald Europe reiterated a “sell” rating on shares of Chariot Oil & Gas Limited in a research note on Tuesday. Separately, analysts at Westhouse Securities reiterated a “sell” rating on shares of Chariot Oil & Gas Limited in a research note on Tuesday. They now have a GBX 17 ($0.29) price target on the stock. Finally, analysts at FinnCap reiterated a “corporate” rating on shares of Chariot Oil & Gas Limited in a research note on Tuesday. They now have a GBX 42 ($0.72) price target on the stock, down previously from GBX 46 ($0.79). Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 30 ($0.51).

Shares of Chariot Oil & Gas Limited (LON:CHAR) remained flat at GBX 16.75 during during mid-day trading trading on Wednesday. The stock had a trading volume of 1,177,331 shares. Chariot Oil & Gas Limited has a 52 week low of GBX 15.00 and a 52 week high of GBX 29.50. The stock has a 50-day moving average of GBX 18.30 and a 200-day moving average of GBX 20.15.

Chariot Oil & Gas Limited (LON:CHAR) is an oil and gas exploration company with interests in Namibia.

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