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An announcement from Union Jack Oil ( (GB:UJO) ) is now available.
Union Jack Oil has strengthened its board with the appointment of senior energy executive Dr Donald Zac Phillips as an independent non-executive director and senior independent director, and accountant and significant shareholder John Americanos as a non-executive director, while confirming that Craig Howie has vacated his position as director. The company has also corrected the disclosed size of Americanos’s shareholding to 7,228,222 ordinary shares, representing about 4.73% of its issued share capital and 4.93% of total voting rights, underscoring efforts to enhance governance, technical oversight and financial expertise as it navigates a challenging period for the onshore oil and gas sector.
The most recent analyst rating on (GB:UJO) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Union Jack Oil stock, see the GB:UJO Stock Forecast page.
Spark’s Take on GB:UJO Stock
According to Spark, TipRanks’ AI Analyst, GB:UJO is a Neutral.
The score is primarily supported by a strong, low-risk balance sheet (zero debt) and sustained profitability since 2022, but is held back by the recent deterioration in operating profitability and persistently negative/volatile free cash flow. Technicals further weigh on the score due to a pronounced downtrend and negative momentum, while valuation signals are weak/unclear given the negative P/E and no stated dividend yield.
To see Spark’s full report on GB:UJO stock, click here.
More about Union Jack Oil
Union Jack Oil plc is an onshore hydrocarbon production, development and exploration company focused on assets in the UK and USA. Listed on AIM in London and trading on the OTCQB market in the US, the group targets oil and gas projects, positioning itself within the small-cap upstream energy sector with exposure to both domestic and international onshore plays.
Average Trading Volume: 605,407
Technical Sentiment Signal: Sell
Current Market Cap: £4.1M
See more insights into UJO stock on TipRanks’ Stock Analysis page.