Chariot Oil & Gas Limited (CHAR) Given “Buy” Rating at Peel Hunt
Several other equities research analysts have also commented on CHAR. FinnCap reiterated a corporate rating and set a GBX 35 ($0.46) price objective on shares of Chariot Oil & Gas Limited in a research note on Thursday, June 16th. Beaufort Securities restated a speculative buy rating on shares of Chariot Oil & Gas Limited in a research report 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 company’s stock. Chariot Oil & Gas Limited presently has an average rating of Hold and a consensus target price of GBX 15 ($0.20).
Chariot Oil & Gas Limited (LON:CHAR) opened at 9.3001 on Tuesday. The firm’s 50-day moving average price is GBX 7.36 and its 200 day moving average price is GBX 7.34. The stock’s market capitalization is GBX 24.85 million. Chariot Oil & Gas Limited has a 12-month low of GBX 4.31 and a 12-month high of GBX 11.88.
About Chariot Oil & Gas Limited
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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