Time to Buy Chariot Oil & Gas Limited After Today’s Huge Increase?

 Time to Buy Chariot Oil & Gas Limited After Today's Huge Increase?

The stock of Chariot Oil & Gas Limited (LON:CHAR) is a huge mover today! The stock decreased 6.01% or GBX 0.46 on November 28, hitting GBX 7.19. About 114,120 shares traded hands. Chariot Oil & Gas Limited (LON:CHAR) has declined 23.50% since April 27, 2016 and is downtrending. It has underperformed by 29.51% the S&P500.
The move comes after 8 months positive chart setup for the GBX 19.41 million company. It was reported on Nov, 28 by Barchart.com. We have GBX 7.48 PT which if reached, will make LON:CHAR worth GBX 776,400 more.

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 122.53% above today’s (GBX 7.19) stock price. Chariot Oil Gas Ltd has been the topic of 36 analyst reports since September 11, 2015 according to StockzIntelligence Inc. On Wednesday, May 11 the stock rating was maintained by Beaufort Securities with “Speculative Buy”. The stock has “Corporate” rating given by FinnCap on Thursday, December 17. The stock of Chariot Oil & Gas Limited (LON:CHAR) earned “Buy” rating by Peel Hunt on Wednesday, March 30. Peel Hunt maintained it with “Buy” rating and GBX 15 target price in Monday, January 11 report. The firm has “Buy” rating by Cantor Fitzgerald given on Wednesday, September 23. The stock of Chariot Oil & Gas Limited (LON:CHAR) has “Hold” rating given on Thursday, June 16 by Cantor Fitzgerald. Beaufort Securities upgraded the shares of CHAR in a report on Thursday, March 31 to “Speculative Buy” rating. The stock of Chariot Oil & Gas Limited (LON:CHAR) has “Hold” rating given on Monday, January 18 by Cantor Fitzgerald. The firm has “Corporate” rating given on Wednesday, September 23 by FinnCap. On Wednesday, April 13 the stock rating was maintained by FinnCap with “Corporate”.

More news for Chariot Oil & Gas Limited (LON:CHAR) were recently published by: Uk.Finance.Yahoo.com, 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 19.41 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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