Granite Oil Corp (TSE:GXO) – Analysts at Cormark decreased their FY2017 earnings estimates for shares of Granite Oil Corp in a report issued on Friday. Cormark analyst G. Ursu now expects that the firm will post earnings per share of $0.18 for the year, down from their previous estimate of $0.19.
Several other research firms have also issued reports on GXO. TD Securities increased their price objective on shares of Granite Oil Corp from C$9.50 to C$10.00 and gave the stock a “buy” rating in a research report on Friday. National Bank Financial upped their target price on shares of Granite Oil Corp from C$9.50 to C$10.50 in a research note on Wednesday, August 3rd. Royal Bank Of Canada restated an “outperform” rating and issued a C$10.00 target price on shares of Granite Oil Corp in a research note on Thursday, June 16th. Finally, Raymond James Financial Inc. upped their target price on shares of Granite Oil Corp from C$10.00 to C$10.50 in a research note on Friday, June 17th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Granite Oil Corp presently has a consensus rating of “Buy” and an average target price of C$9.63.
Granite Oil Corp (TSE:GXO) traded down 6.25% on Monday, reaching $5.55. 234,794 shares of the company’s stock were exchanged. Granite Oil Corp has a 1-year low of $5.54 and a 1-year high of $9.39. The stock’s 50 day moving average price is $6.55 and its 200 day moving average price is $7.04. The firm’s market capitalization is $186.45 million.
About Granite Oil Corp
Granite Oil Corp., formerly DeeThree Exploration Ltd., is a Canada-based oil producer based in Calgary, Alberta with lands and operations located in southern Alberta. The Company is engaged in the exploration for and exploitation, development and production of oil and natural gas. Its Alberta Bakken Properties are located in southern Alberta, approximately 70 kilometers south of Lethbridge.
Receive News & Ratings for Granite Oil Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Granite Oil Corp and related companies with MarketBeat.com's FREE daily email newsletter.