Chariot Oil & Gas Limited (CHAR) Stock Rating Reaffirmed by FinnCap
Chariot Oil & Gas Limited (LON:CHAR)‘s stock had its “corporate” rating reiterated by equities researchers at FinnCap in a report issued on Thursday. They currently have a GBX 35 ($0.45) price objective on the stock. FinnCap’s price objective indicates a potential upside of 161.68% from the stock’s previous close.
Separately, Peel Hunt reissued an “add” rating and set a GBX 20 ($0.26) target price on shares of Chariot Oil & Gas Limited in a research note on Monday, June 5th.
Shares of Chariot Oil & Gas Limited (LON CHAR) traded up 1.90% during midday trading on Thursday, reaching GBX 13.38. 94,604 shares of the company’s stock were exchanged. The stock’s market cap is GBX 35.74 million. Chariot Oil & Gas Limited has a 12 month low of GBX 5.58 and a 12 month high of GBX 20.50. The company’s 50 day moving average is GBX 11.89 and its 200-day moving average is GBX 13.54.
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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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