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Chariot Oil & Gas
(LSE:CHAR)
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Rating:55Neutral
Price Target:
3.50 p
▲(105.88% 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
Very low leverage and substantial equity provide financial flexibility while Chariot progresses its energy portfolio. Limited debt exposure can reduce fixed financing pressure and leave more capacity to fund projects, negotiate partnerships, or withstand periods of weak operating performance.
Negative Factors
Persistent operating losses
Persistent operating losses show that the current portfolio has not yet generated a sustainable operating earnings base. Continued losses can consume capital, limit internally funded investment, and make future value creation dependent on successful project progression or additional external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Very low leverage and substantial equity provide financial flexibility while Chariot progresses its energy portfolio. Limited debt exposure can reduce fixed financing pressure and leave more capacity to fund projects, negotiate partnerships, or withstand periods of weak operating performance.
Read all positive factors
Chariot Oil & Gas (CHAR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£90.32M
Dividend YieldN/A
Average Volume (3M)20.34M
Price to Earnings (P/E)143.4
Beta (1Y)0.83
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees2
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)<0.01
Shares Outstanding2,867,365,500
10 Day Avg. Volume21,158,471
30 Day Avg. Volume20,344,238
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 | -8.62M | -21.72M | -15.04M | -14.30M | -6.42M |
| 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
2.22
Positive
1.91
Positive
1.70
Positive
Market Momentum
0.26
Positive
63.76
Neutral
76.25
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 3.03, below the 50-day MA of 2.22, and above the 200-day MA of 1.70, indicating a bullish trend. The MACD of 0.26 indicates Positive momentum. The RSI at 63.76 is Neutral, neither overbought nor oversold. The STOCH value of 76.25 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 | £90.32M | 143.41 | 0.55% | ― | ― | ― | |
50 Neutral | £28.04M | -11.29 | -7.54% | ― | 3484.37% | 34.88% | |
48 Neutral | £34.30M | -17.32 | -7.42% | ― | ― | -14.17% | |
46 Neutral | £15.34M | -8.40 | -23.44% | ― | 101.48% | 76.79% | |
42 Neutral | £3.55M | -0.16 | 319.49% | ― | ― | -144.25% |
* Energy Sector Average
GB:CHAR
Chariot Oil & Gas
3.25
1.48
83.10%
GB:JOG
Jersey Oil and Gas
97.50
-43.00
-30.60%
GB:SOU
Sound Energy
1.55
-5.45
-77.86%
GB:MATD
Petro Matad
0.83
0.08
11.49%
GB:PRD
Predator Oil & Gas Holdings Plc
3.16
-0.04
-1.25%
Chariot Oil & Gas Corporate Events
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...
Business Operations and StrategyM&A TransactionsShareholder MeetingsStock Split
Chariot plans share consolidation as it pivots to upstream growth
Positive
Jul 10, 2026
Chariot Limited has called its Annual General Meeting for 22 September 2026 in London, where shareholders will vote on a proposed consolidation of its ordinary shares at a ratio of one new 25p share for every 25 existing 1p shares. The board argue...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Chariot Publishes 2025 Annual Report as It Expands African Energy Portfolio
Positive
Jun 30, 2026
Chariot Limited has published its Annual Report and Accounts for the year ended 31 December 2025, making the documents available on its website and by post to shareholders on request. The release, while primarily procedural, underscores the compan...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and FinancingStock Split
Chariot Boosts African Upstream and Renewables Portfolio in Transformative 2025
Positive
Jun 30, 2026
Chariot reported its audited 2025 final results, highlighting a year of transformation driven by expanded upstream exposure and growing renewable operations across Africa. Against a backdrop of heightened global energy security concerns, the group...
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.