Granite Oil Corp (TSE:GXO) had its price objective lifted by Royal Bank Of Canada from C$9.00 to C$10.00 in a research note released on Thursday morning, StockTargetPrices.com reports.
GXO has been the topic of several other reports. RBC Capital Markets decreased their price objective on shares of Granite Oil Corp from C$10.00 to C$9.00 in a research report on Thursday, October 13th. National Bank Financial decreased their price objective on shares of Granite Oil Corp from C$9.50 to C$8.50 and set an outperform rating on the stock in a research report on Thursday, September 22nd. Raymond James Financial Inc. boosted their price objective on shares of Granite Oil Corp from C$10.00 to C$10.50 in a research report on Friday, June 17th. Finally, TD Securities reiterated a buy rating and issued a C$8.50 price objective on shares of Granite Oil Corp in a research report on Monday, June 20th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of C$9.54.
Shares of Granite Oil Corp (TSE:GXO) opened at 5.74 on Thursday. Granite Oil Corp has a 12 month low of $5.21 and a 12 month high of $9.39. The firm’s 50 day moving average is $6.05 and its 200-day moving average is $6.91. The firm’s market capitalization is $192.84 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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