Granite Oil Corp (GXO) Price Target Increased to C$10.00 by Analysts at TD Securities

Granite Oil Corp (TSE:GXO) had its price objective boosted by TD Securities from C$9.50 to C$10.00 in a research note released on Friday. The brokerage currently has a buy rating on the stock.

Several other equities research analysts also recently commented on GXO. National Bank Financial dropped their target price on Granite Oil Corp from C$10.50 to C$9.50 and set an outperform rating on the stock in a report on Wednesday, June 15th. Raymond James Financial Inc. boosted their target price on Granite Oil Corp from C$10.00 to C$10.50 in a report on Friday, June 17th. Finally, Royal Bank Of Canada reissued an outperform rating and issued a C$10.00 target price on shares of Granite Oil Corp in a report on Thursday, June 16th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of C$9.63.

Shares of Granite Oil Corp (TSE:GXO) opened at 5.55 on Friday. The company has a 50-day moving average price of $6.45 and a 200-day moving average price of $7.01. Granite Oil Corp has a 52-week low of $5.21 and a 52-week high of $9.39. The stock’s market capitalization is $186.45 million.

Granite Oil Corp Company Profile

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.

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