Granite Oil Corp (TSE:GXO) – Research analysts at Cormark cut their Q1 2017 earnings estimates for shares of Granite Oil Corp in a note issued to investors on Tuesday. Cormark analyst G. Ursu now forecasts that the firm will post earnings of $0.02 per share for the quarter, down from their prior estimate of $0.04. Cormark also issued estimates for Granite Oil Corp’s Q2 2017 earnings at $0.01 EPS, Q3 2017 earnings at $0.04 EPS, Q4 2017 earnings at $0.04 EPS and FY2017 earnings at $0.11 EPS.
Several other analysts also recently weighed in on GXO. RBC Capital Markets decreased their target price on Granite Oil Corp from C$10.00 to C$9.00 in a research report on Thursday, October 13th. Royal Bank Of Canada lifted their target price on Granite Oil Corp from C$9.00 to C$10.00 in a research report on Thursday, October 13th. National Bank Financial decreased their price objective on Granite Oil Corp from C$9.50 to C$8.50 and set an “outperform” rating for the company in a report on Thursday, September 22nd. Finally, TD Securities lifted their price objective on Granite Oil Corp from C$9.50 to C$10.00 and gave the company a “buy” rating in a report on Friday, September 23rd. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$9.54.
Granite Oil Corp (TSE:GXO) traded up 0.85% during trading on Wednesday, reaching $5.96. 92,085 shares of the company’s stock traded hands. Granite Oil Corp has a one year low of $5.21 and a one year high of $9.39. The firm’s market cap is $200.23 million. The company has a 50 day moving average of $6.04 and a 200 day moving average of $6.91.
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.
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