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Chariot Oil & Gas
(LSE:CHAR)
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Rating:55Neutral
Price Target:
3.00 p
▲(76.47% Upside)
Action:Reiterated
Date:09/29/26
The score is capped primarily by weak financial performance—ongoing operating losses, tiny/volatile revenue, and persistent cash burn—despite the benefit of a low-debt balance sheet. Technicals are a clear positive with the price above major moving averages and supportive momentum indicators, but valuation is a headwind due to the very high P/E and no dividend yield provided.
Positive Factors
Low leverage
The very low debt burden gives Chariot greater financial flexibility than a highly leveraged exploration company. Substantial equity relative to debt can help the company withstand project delays, pursue portfolio opportunities, and limit the immediate pressure of interest and refinancing obligations.
Negative Factors
Persistent operating losses
Large operating losses indicate that the underlying business has not yet reached profitable scale. Continued negative EBIT can consume financial resources and make results dependent on non-operating items, leaving the company vulnerable if project development does not translate into recurring production revenue.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
The very low debt burden gives Chariot greater financial flexibility than a highly leveraged exploration company. Substantial equity relative to debt can help the company withstand project delays, pursue portfolio opportunities, and limit the immediate pressure of interest and refinancing obligations.
Read all positive factors
Chariot Oil & Gas (CHAR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£95.02M
Dividend YieldN/A
Average Volume (3M)16.67M
Price to Earnings (P/E)52.2
Beta (1Y)0.80
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees2
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)<0.01
Shares Outstanding2,945,493,000
10 Day Avg. Volume18,973,992
30 Day Avg. Volume16,671,214
Financial Highlights & Ratios
PEG Ratio-0.65
Price to Book (P/B)0.43
Price to Sales (P/S)0.00
P/FCF Ratio-3.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Chariot Oil & Gas Business Overview & Revenue Model
Company Description
Chariot Limited, together with its affiliated companies, is engaged in oil and gas exploration and assessment activities. The company's operations are divided into two primary divisions: Transactional Gas and Transactional Power. It holds signific...
How the Company Makes Money
Chariot Oil & Gas makes money primarily by creating value from its upstream oil and gas portfolio and monetizing that value through (a) production revenues (if and when projects reach production), and/or (b) transactions such as farm-outs, asset s...
Chariot Oil & Gas Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
66
Positive
Cash Flow
24
Negative
| Breakdown | Jun 2026 | Jun 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 162.00K | 80.00K | 0.00 | 0.00 |
| Gross Profit | -426.77K | 162.00K | 80.00K | 0.00 | 0.00 |
| EBITDA | -8.63M | -21.72M | -15.04M | -13.88M | -6.09M |
| Net Income | 345.00K | -22.35M | -15.58M | -14.88M | -6.96M |
Balance Sheet | |||||
| Total Assets | 71.88M | 63.63M | 74.64M | 67.61M | 54.75M |
| Cash, Cash Equivalents and Short-Term Investments | 1.16M | 2.20M | 4.97M | 11.30M | 19.41M |
| Total Debt | 421.00K | 796.00K | 1.34M | 359.00K | 430.00K |
| Total Liabilities | 6.44M | 5.39M | 5.77M | 6.56M | 15.79M |
| Stockholders Equity | 65.43M | 58.23M | 68.87M | 61.06M | 38.96M |
Cash Flow | |||||
| Free Cash Flow | -8.05M | -22.15M | -23.22M | -39.13M | -11.56M |
| Operating Cash Flow | -6.38M | -10.89M | -8.57M | -9.63M | -6.18M |
| Investing Cash Flow | -2.29M | 5.00K | -14.55M | -29.44M | -5.39M |
| Financing Cash Flow | 6.09M | 7.79M | 17.28M | 32.29M | 27.71M |
Chariot Oil & Gas Technical Analysis
Positive
1.70
Price Trends
2.74
Positive
2.15
Positive
1.82
Positive
Market Momentum
0.06
Positive
57.42
Neutral
62.10
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 1.7 is below the 20-day moving average (MA) of 3.06, below the 50-day MA of 2.74, and below the 200-day MA of 1.82, indicating a bullish trend. The MACD of 0.06 indicates Positive momentum. The RSI at 57.42 is Neutral, neither overbought nor oversold. The STOCH value of 62.10 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
55 Neutral | £95.02M | 52.24 | -3.94% | ― | ― | ― | |
52 Neutral | £39.53M | -21.49 | -8.19% | ― | ― | -14.17% | |
46 Neutral | £15.34M | -6.86 | -16.93% | ― | 101.48% | 76.79% | |
44 Neutral | £14.03M | -4.68 | -7.54% | ― | 3484.37% | 34.88% | |
42 Neutral | £3.21M | -0.14 | 319.49% | ― | ― | -144.25% |
* Energy Sector Average
GB:CHAR
Chariot Oil & Gas
3.14
1.37
77.70%
GB:JOG
Jersey Oil and Gas
121.00
-28.50
-19.06%
GB:SOU
Sound Energy
1.40
-4.35
-75.65%
GB:MATD
Petro Matad
0.83
-0.79
-48.76%
GB:PRD
Predator Oil & Gas Holdings Plc
1.31
-1.69
-56.33%
Chariot Oil & Gas Corporate Events
Delistings and Listing Changes
Chariot Issues 80.5m New Shares After Directors Exercise Incentive Awards
Neutral
Oct 21, 2026
Chariot Limited has announced the issuance of 80,543,155 new ordinary shares following the exercise of nil-cost options by directors and employees under its long-term incentive and restricted share schemes. A portion of these shares has been withh...
Regulatory Filings and Compliance
Chariot CFO reports matched share trades on AIM
Neutral
Oct 8, 2026
Chariot Limited has disclosed a set of director dealings involving its Chief Financial Officer, Julian Maurice-Williams, in accordance with EU Market Abuse Regulation requirements. On 7 October 2026, Maurice-Williams executed a purchase of 624,735...
Business Operations and StrategyExecutive/Board Changes
Chariot Tightens Director Alignment With New Share Awards and Option Extensions
Positive
Oct 2, 2026
Chariot Limited has granted substantial deferred share awards in the form of nil-cost options to its executive directors following the achievement of corporate objectives, with vesting scheduled between 2027 and 2029, and has issued additional sha...
Business Operations and StrategyRegulatory Filings and Compliance
Chariot Updates Guernsey Office Amid Ongoing Africa Energy Push
Neutral
Oct 1, 2026
Chariot Limited, an Africa-focused energy group active in upstream oil and gas and renewable power, is building an integrated hydrocarbons business in Angola and Morocco while expanding sustainable energy and green hydrogen projects across the con...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Chariot Raises £1.9m Through Warrant Exercise as Share Count Rises
Positive
Oct 1, 2026
Chariot Limited has announced the issue of 78,136,342 new ordinary shares following the exercise of warrants, raising £1.9 million (US$2.5 million) in cash proceeds for the Africa-focused energy group. The new shares are expected to be admitt...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Chariot pivots to cash-generative upstream with Angola oil deals
Positive
Sep 30, 2026
Chariot reported a transformative first half of 2026, driven by two financing deals that give it substantial economic exposure to offshore oil assets in Angola’s Blocks 14 and 14K. Working alongside Etu Energias, BW Energy and Shell Trading,...
Business Operations and StrategyShareholder Meetings
Chariot investors back strategy as all AGM resolutions pass
Positive
Sep 22, 2026
Chariot Limited, the Africa-focused energy group listed on AIM as CHAR, reported that all resolutions were passed at its Annual General Meeting held on 22 September 2026. The successful AGM supports continuity in governance and strategy as the com...
Business Operations and StrategyM&A Transactions
Chariot Doubles Angolan Oil Exposure via Etu Energias Partnership
Positive
Sep 1, 2026
Chariot Limited has signed a framework agreement with Angola’s Etu Energias and BW Energy to provide operational and technical support for Etu Energias’ acquisition of additional interests in offshore Blocks 14 and 14K. In return, Char...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.