TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Challenger Energy Group ( (GB:CEG) ) has shared an announcement.
Challenger Energy Group PLC has completed the first phase of its technical work program for the AREA OFF-3 block in Uruguay, identifying significant resource potential and launching a farm-out process to attract partners. The company has also finalized its exit from Trinidad and Tobago, strengthening its cash position and ensuring funding for planned operations into 2027, signaling a strategic shift towards optimizing its portfolio and advancing exploration activities in Uruguay.
The most recent analyst rating on (GB:CEG) stock is a Buy with a £0.50 price target. To see the full list of analyst forecasts on Challenger Energy Group stock, see the GB:CEG Stock Forecast page.
More about Challenger Energy Group
Challenger Energy Group PLC is an energy company focused on the Atlantic margin, with a significant presence in Uruguay where it holds two offshore exploration licenses.
Average Trading Volume: 348,289
Technical Sentiment Signal: Hold
Current Market Cap: £19.95M
See more data about CEG stock on TipRanks’ Stock Analysis page.