Chariot Oil & Gas’ (CHAR) “Add” Rating Reiterated at Peel Hunt
Peel Hunt reaffirmed their add rating on shares of Chariot Oil & Gas (LON:CHAR) in a research note published on Wednesday morning, Digital Look reports. The brokerage currently has a GBX 7 ($0.09) target price on the stock.
Separately, FinnCap reissued a corporate rating on shares of Chariot Oil & Gas in a report on Wednesday.
Shares of LON:CHAR opened at GBX 3.68 ($0.05) on Wednesday. Chariot Oil & Gas has a 12 month low of GBX 2.05 ($0.03) and a 12 month high of GBX 9 ($0.12). The company’s 50-day moving average price is GBX 3.85 and its two-hundred day moving average price is GBX 3.99. The firm has a market cap of $13.50 million and a P/E ratio of -0.84.
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)).
Further Reading: What is the price-to-earnings growth (PEG) ratio?
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