Peel Hunt Reaffirms Buy Rating for Chariot Oil & Gas Limited (CHAR)
Chariot Oil & Gas Limited (LON:CHAR)‘s stock had its “buy” rating reaffirmed by research analysts at Peel Hunt in a note issued to investors on Tuesday. They presently have a GBX 15 ($0.20) price objective on the stock. Peel Hunt’s price objective indicates a potential upside of 56.25% from the stock’s current price.
Several other brokerages have also recently weighed in on CHAR. FinnCap reiterated a “corporate” rating and issued a GBX 35 ($0.46) price objective on shares of Chariot Oil & Gas Limited in a research note on Wednesday, September 14th. Beaufort Securities reiterated a “speculative buy” rating on shares of Chariot Oil & Gas Limited in a research note on Friday, June 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Chariot Oil & Gas Limited currently has a consensus rating of “Hold” and an average price target of GBX 15 ($0.20).
Shares of Chariot Oil & Gas Limited (LON:CHAR) remained flat at GBX 9.60 during midday trading on Tuesday. 298,385 shares of the company were exchanged. The stock’s market cap is GBX 25.66 million. Chariot Oil & Gas Limited has a 52 week low of GBX 4.31 and a 52 week high of GBX 11.88. The firm has a 50 day moving average price of GBX 7.36 and a 200-day moving average price of GBX 7.34.
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Chariot Oil & Gas Limited Company Profile
Chariot Oil & Gas Limited is an oil and gas exploration company. The Company has two reportable segments: exploration for oil and gas, and corporate costs. The Company has interests in approximately two licenses offshore Morocco; Rabat Deep (approximately 50% (operator), 25% Woodside, 25% Office National des Hydrocarbures et des Mines (ONHYM) (carried interest), and Mohammedia (approximately 75% Chariot (operator), 25% ONHYM (carried interest)).
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