FinnCap Reiterates “Corporate” Rating for Chariot Oil & Gas Limited (CHAR)

Chariot Oil & Gas Limited (LON:CHAR)‘s stock had its “corporate” rating reiterated by investment analysts at FinnCap in a research report issued on Friday. They currently have a GBX 35 ($0.46) target price on the stock. FinnCap’s target price indicates a potential upside of 131.40% from the company’s current price.

Separately, Peel Hunt restated a “buy” rating and issued a GBX 20 ($0.26) target price on shares of Chariot Oil & Gas Limited in a research note on Tuesday, August 29th.

Chariot Oil & Gas Limited (LON:CHAR) opened at GBX 15.13 ($0.20) on Friday. Chariot Oil & Gas Limited has a 12 month low of GBX 7.03 ($0.09) and a 12 month high of GBX 20.50 ($0.27).

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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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