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An update from Union Jack Oil ( (GB:UJO) ) is now available.
Union Jack Oil has strengthened its board by appointing senior energy executive Dr Donald Zac Phillips as an independent Non-Executive Director and Senior Independent Director, and chartered certified accountant and significant shareholder John Americanos as a Non-Executive Director, both with immediate effect. The reshaped board, which also includes the removal of Craig Howie as a director, is expected to benefit from Phillips’s extensive technical and strategic oil and gas expertise and Americanos’s financial and property experience, supporting the company’s growth strategy and governance during a pivotal phase for its onshore UK and US operations amid challenging industry conditions.
The most recent analyst rating on (GB:UJO) stock is a Hold with a £2.50 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 the UK and USA, with shares traded on AIM in London and on the OTCQB market in the United States. The company operates within the oil and gas sector, targeting onshore assets and positioning itself to navigate the wider challenges facing the industry both domestically and internationally.
Average Trading Volume: 556,789
Technical Sentiment Signal: Sell
Current Market Cap: £3.44M
For a thorough assessment of UJO stock, go to TipRanks’ Stock Analysis page.