Is Chariot Oil & Gas Limited a Sell? The Stock Declines Again

 Is Chariot Oil & Gas Limited a Sell? The Stock Declines Again

The stock of Chariot Oil & Gas Limited (LON:CHAR) is a huge mover today! The stock decreased 1.91% or GBX 0.14 on November 23, hitting GBX 7.2. About 425,998 shares traded hands. Chariot Oil & Gas Limited (LON:CHAR) has declined 28.39% since April 22, 2016 and is downtrending. It has underperformed by 33.72% the S&P500.
The move comes after 9 months negative chart setup for the GBX 19.09M company. It was reported on Nov, 23 by We have GBX 6.91 PT which if reached, will make LON:CHAR worth GBX 763,600 less.

Chariot Oil & Gas Limited (LON:CHAR) Ratings Coverage

Out of 5 analysts covering Chariot Oil Gas Ltd (LON:CHAR), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. GBX 46 is the highest target while GBX 5 is the lowest. The GBX 16 average target is 122.22% above today’s (GBX 7.2) stock price. Chariot Oil Gas Ltd has been the topic of 36 analyst reports since September 11, 2015 according to StockzIntelligence Inc. Peel Hunt maintained the shares of CHAR in a report on Tuesday, October 4 with “Buy” rating. The stock has “Corporate” rating given by FinnCap on Tuesday, January 26. FinnCap maintained the stock with “Corporate” rating in Monday, January 18 report. The rating was maintained by Peel Hunt with “Buy” on Thursday, November 26. Peel Hunt maintained it with “Buy” rating and GBX 15 target price in Tuesday, July 5 report. The stock has “Corporate” rating given by FinnCap on Wednesday, September 14. On Wednesday, May 11 the stock rating was maintained by Beaufort Securities with “Speculative Buy”. The stock of Chariot Oil & Gas Limited (LON:CHAR) earned “Hold” rating by Cantor Fitzgerald on Monday, January 18. FinnCap maintained Chariot Oil & Gas Limited (LON:CHAR) on Thursday, June 16 with “Corporate” rating. The company was maintained on Monday, January 18 by Peel Hunt.

More news for Chariot Oil & Gas Limited (LON:CHAR) were recently published by:, which released: “Chariot Oil & Gas Limited (CHAR.L)” on March 24, 2014. Fool.Co.Uk‘s article titled: “Could Chariot Oil & Gas Limited Really Gain 126%?” and published on June 12, 2015 is yet another important article.

Chariot Oil & Gas Limited is an oil and gas exploration company. The company has a market cap of 19.09 million GBP. The Firm has two reportable divisions: exploration for gas and oil, and corporate costs. It currently has negative earnings. The Firm has interests in approximately two licenses offshore Morocco; Rabat Deep , 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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