Several other research firms have also recently weighed in on GXO. National Bank Financial cut their target price on shares of Granite Oil Corp from C$10.50 to C$9.50 and set an outperform rating for the company in a research note on Wednesday, June 15th. Raymond James Financial Inc. lifted their price objective on shares of Granite Oil Corp from C$10.00 to C$10.50 in a research note on Friday, June 17th. Finally, Royal Bank Of Canada reissued an outperform rating and issued a C$10.00 price objective on shares of Granite Oil Corp in a research note on Thursday, June 16th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of C$9.63.
Granite Oil Corp (TSE:GXO) opened at 5.45 on Friday. The company’s 50 day moving average is $6.50 and its 200 day moving average is $7.02. The stock’s market cap is $183.09 million. Granite Oil Corp has a 12 month low of $5.41 and a 12 month high of $9.39.
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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