Chariot Oil & Gas (CHAR) AI Stock Analysis

• Market Cap: £29.96M
• Dividend Yield: N/A
• Average Volume (3M): 5.46M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.31
• Revenue Growth: -2.69%
• EPS Growth: -5.00%
• Country: UK
• Employees: 2
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): N/A
• Shares Outstanding: 1,577,478,000
• 10 Day Avg. Volume: 7,386,229
• 30 Day Avg. Volume: 5,461,116
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £1.50
• Price Target Upside: -21.05% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 50 Neutral
• Price Target: 1.50p ▼(-21.05% Downside)

Chariot Oil & Gas's overall stock score is primarily impacted by its financial performance challenges, including ongoing losses and negative cash flows. While technical analysis suggests some short-term bullish trends, the negative valuation metrics underscore financial difficulties. Strategic improvements are needed for a financial turnaround.

Positive Factors

Revenue Growth

Strong revenue growth indicates successful exploration and production efforts, enhancing the company's ability to monetize its assets and expand market presence.

Strategic Partnerships

Strategic partnerships provide financial backing and resource access, crucial for long-term project development and operational stability in the energy sector.

Equity Position

A strong equity position with low debt enhances financial stability and provides a buffer against market volatility, supporting long-term growth.

Negative Factors

Negative Cash Flow

Negative cash flow indicates liquidity issues and reliance on external financing, which can hinder sustainable operations and long-term financial health.

Profitability Challenges

Ongoing operational and net losses highlight inefficiencies and challenges in achieving profitability, impacting long-term business viability.

Reliance on External Financing

Dependence on external financing for operations raises concerns about financial independence and the ability to sustain growth without external support.

Chariot Oil & Gas Business Overview & Revenue Model

Company Description

Chariot Limited, together with its subsidiaries, engages in the oil and gas exploration and appraisal activities. The company operates through Transactional Gas and Transactional Power segments. The company holds interests in the Rissana offshore license that covers an area of approximately 8,489 square kilometers; and Lixus license comprising an area of approximately 2,390 square kilometers in Morocco. It also focuses on mining power projects in Africa. The company was formerly known as Chariot Oil & Gas Limited and changed its name to Chariot Limited in June 2021. Chariot Limited was incorporated in 2007 and is based in Saint Peter Port, Guernsey.

How the Company Makes Money

Chariot Oil & Gas generates revenue primarily through the exploration and production of oil and natural gas. The company undertakes exploration activities to discover new hydrocarbon reserves and subsequently develops these reserves into production. Key revenue streams include the sale of crude oil and natural gas, as well as potential service agreements or joint ventures with other energy companies. Chariot's partnership with strategic investors and local governments plays a significant role in its operations, providing financial backing and facilitating access to resources, which enhances its ability to monetize its assets effectively.

Chariot Oil & Gas Financial Statement Overview

Summary

Chariot Oil & Gas faces significant challenges in revenue generation and profitability, with minimal revenue growth and ongoing operational and net losses. The balance sheet shows some stability due to low debt and equity reliance, but persistent negative cash flows highlight liquidity issues and dependence on external financing.

Income Statement

Chariot Oil & Gas has faced significant challenges in terms of revenue generation and profitability. The company has experienced minimal revenue growth, with the total revenue only increasing to $162,000 in 2024 from $80,000 in 2023. Despite a positive gross profit margin due to negligible cost of goods sold, the EBIT and net income margins remain deeply negative, indicating ongoing operational and net losses. This highlights significant challenges in achieving profitability.

Balance Sheet

The balance sheet shows a relatively strong equity position, with stockholders' equity at $58.2 million and a low debt-to-equity ratio due to limited total debt. However, the company’s high equity ratio indicates reliance on equity financing, which could be a strength in terms of financial stability. Nonetheless, the ongoing net losses have deteriorated the return on equity, reflecting inefficiencies in generating returns on shareholder investments.

Cash Flow

Cash flow analysis reveals persistent negative operating and free cash flow, emphasizing liquidity issues. The operating cash flow to net income ratio remains negative, and the free cash flow position has worsened over time. Although there have been financing inflows, this reliance on external financing to fund operations raises concerns about sustainable cash flow management.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	162.00K	80.00K	0.00	0.00	0.00
Gross Profit	162.00K	80.00K	0.00	0.00	0.00
EBITDA	-21.72M	-15.04M	-14.38M	-6.56M	-2.97M
Net Income	-22.35M	-15.58M	-14.88M	-6.96M	-70.62M
Balance Sheet
Total Assets	63.63M	74.64M	67.61M	54.75M	18.07M
Cash, Cash Equivalents and Short-Term Investments	2.20M	4.97M	11.30M	14.06M	3.24M
Total Debt	796.00K	1.34M	359.00K	430.00K	849.00K
Total Liabilities	5.39M	5.77M	6.56M	15.79M	1.91M
Stockholders Equity	58.23M	68.87M	61.06M	38.96M	16.16M
Cash Flow
Free Cash Flow	-22.15M	-23.22M	-39.13M	-11.56M	-6.03M
Operating Cash Flow	-10.89M	-8.57M	-9.63M	-6.18M	-4.05M
Investing Cash Flow	5.00K	-14.55M	-29.44M	-5.39M	-1.95M
Financing Cash Flow	7.79M	17.28M	32.29M	27.71M	-409.00K

Chariot Oil & Gas Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CHAR, the sentiment is Positive. The current price of 1.9 is above the 20-day moving average (MA) of 1.67, above the 50-day MA of 1.51, and above the 200-day MA of 1.56, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 64.58 is Neutral, neither overbought nor oversold. The STOCH value of 60.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:CHAR.

Chariot Oil & Gas Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CHAR	50 Neutral	£29.96M	―	-31.10%	―	-2.69%	-5.00%
ZEN	46 Neutral	£12.32M	-0.39	1.66%	―	―	―
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Chariot Oil & Gas Corporate Events

Chariot Limited Announces Chairman’s Share Transactions

Chariot Limited announced a transaction involving its Chairman, Andrew Hockey, who executed both a purchase and sale of ordinary shares on the London Stock Exchange’s AIM market. This activity reflects internal movements within the company’s leadership and may indicate strategic financial positioning, potentially impacting stakeholder perceptions and market dynamics.

The most recent analyst rating on (GB:CHAR) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.

Chariot Limited Announces Block Admission of New Shares

Chariot Limited, a company involved in the oil and gas sector, has announced a block admission for 10,000,000 new ordinary shares as part of its Share Award Scheme. This move is expected to take effect on 15 July 2025, and the new shares will have equal standing with the existing ordinary shares. The company’s current issued share capital consists of 1,577,477,983 ordinary shares with voting rights.

The most recent analyst rating on (GB:CHAR) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.

Chariot Limited Releases Annual Report and Schedules AGM

Chariot Limited has announced the availability of its Annual Report and Accounts for the year ending December 31, 2024, on its website, with physical copies available upon request. The company’s Annual General Meeting is scheduled for September 5, 2025, in London, where shareholders can participate in a Q&A session following the formal proceedings. The results of the AGM will be published on the company’s website shortly after the meeting.

The most recent analyst rating on (GB:CHAR) stock is a Buy with a £6.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.

Chariot Limited Announces 2024 Final Results and Strategic Business Split

Chariot Limited has announced its 2024 final results, highlighting significant developments across its energy projects in Africa. The company plans to split into two distinct businesses—Upstream Oil and Gas, and Renewable Power—to maximize shareholder value and unlock unrecognized potential. Key achievements in 2024 include successful drilling campaigns in Morocco, strategic partnerships for renewable projects, and securing substantial financing for electricity trading. These initiatives position Chariot to deliver material growth and align with the increasing demand for sustainable energy solutions in Africa.

The most recent analyst rating on (GB:CHAR) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.

Chariot Limited Strengthens Financial Position with Director Share Issuance

Chariot Limited announced the issuance of new ordinary shares to its directors as part of a fundraising initiative. This move increases the shareholding of key directors, including CEO Adonis Pouroulis and CFO Julian Maurice-Williams, indicating a strategic effort to strengthen the company’s financial position and support its growth in the transitional energy sector.

The most recent analyst rating on (GB:CHAR) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.

Chariot Limited Secures $7.1 Million in Oversubscribed Fundraising

Chariot Limited announced the successful passing of all resolutions at its General Meeting, leading to the raising of US$7.1 million through an oversubscribed fundraising initiative. The funds will be used to secure stakes in wind generation, gas, and new upstream assets, as well as to strengthen the balance sheet and support the demerger of its Renewable Power pillar. This strategic move is expected to enhance the company’s growth and operational capabilities, positioning it favorably in the transitional energy sector.

The most recent analyst rating on (GB:CHAR) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.

Chariot Limited Successfully Concludes Oversubscribed Open Offer

Chariot Limited announced the successful result of its oversubscribed Open Offer, raising approximately US$1 million in gross proceeds. The funds raised will support the company’s plans across its Upstream and Renewable Power businesses. The issuance of the Open Offer Shares is contingent upon the passing of resolutions at the upcoming General Meeting. This fundraising effort is part of a larger initiative that has raised a total of US$7.1 million, reflecting strong shareholder support and positioning Chariot to advance its energy projects in Africa.

The most recent analyst rating on (GB:CHAR) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.

Chariot Limited Launches Open Offer to Bolster Working Capital

Chariot Limited has announced the posting of a Circular related to its recent Placing, Subscription, and Open Offer, aimed at raising additional funds. The company successfully raised net proceeds of $5.5 million and plans to raise up to an additional $1 million through an Open Offer to existing shareholders. The funds will be used to enhance the Group’s working capital, supporting its operations in the transitional energy sector. A General Meeting is scheduled for 18 June 2025 to propose related resolutions.

The most recent analyst rating on (GB:CHAR) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.

Chariot Limited Raises $5.5 Million in Oversubscribed Share Placing

Chariot Limited has successfully raised net proceeds of US$5.5 million through an oversubscribed placing and subscription of new ordinary shares, with plans to raise an additional US$1 million through an open offer. The funds will be used to secure Chariot’s stake in wind generation, gas, and new upstream assets, as well as to strengthen the company’s balance sheet for executing its updated strategy. This includes the demerger of its Renewable Power pillar to unlock value and facilitate further growth. The fundraising reflects strong shareholder support and positions Chariot to advance its plans in both its Upstream and Renewable Power businesses.

The most recent analyst rating on (GB:CHAR) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.

Chariot Limited Announces $6.5 Million Fundraising to Support Strategic Demerger

Chariot Limited has announced a fundraising initiative to raise approximately US$6.5 million through a placing, subscription, and open offer. The funds will be used to secure stakes in wind generation, gas, and new upstream assets, as well as to strengthen the balance sheet to support the demerger of its Renewable Power pillar. This strategic move aims to create two distinct investment opportunities by separating its upstream oil and gas operations from its renewable energy business, reflecting the company’s evolved strategy and the significant developments in its portfolio.

The most recent analyst rating on (GB:CHAR) stock is a Buy with a £6.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.

Chariot Limited Regains Control of Moroccan Offshore Licences

Chariot Limited has regained operatorship of the Lixus and Rissana offshore licences in Morocco after Energean plc transferred its interests back to Chariot. With a 75% working interest in each licence, Chariot plans to progress the Anchois gas field development and explore additional potential in the licence areas. The company aims to leverage Morocco’s strong gas market fundamentals and collaborate with stakeholders to advance domestic energy projects.

The most recent analyst rating on (GB:CHAR) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.

Chariot Limited Regains Operatorship of Moroccan Offshore Licences

Chariot Limited has regained operatorship of the Lixus and Rissana offshore licences in Morocco, now holding a 75% working interest in each. The Anchois gas field, located in the Lixus licence, remains a key focus, with plans to adapt the development plan based on discovered resources. This move strengthens Chariot’s position in the Moroccan energy market, where robust gas demand and favorable fiscal terms present significant opportunities for growth.

The most recent analyst rating on (GB:CHAR) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.