Granite Oil Corp (GXO) Forecasted to Earn Q3 2017 Earnings of $0.06 Per Share

Granite Oil Corp (TSE:GXO) – Equities research analysts at Cormark cut their Q3 2017 earnings per share estimates for Granite Oil Corp in a report released on Thursday. Cormark analyst G. Ursu now expects that the company will post earnings of $0.06 per share for the quarter, down from their prior estimate of $0.07. Cormark also issued estimates for Granite Oil Corp’s Q3 2018 earnings at $0.08 EPS, Q4 2018 earnings at $0.08 EPS and FY2019 earnings at $0.33 EPS.

GXO has been the subject of a number of other research reports. Royal Bank Of Canada cut their target price on shares of Granite Oil Corp from C$8.00 to C$6.00 in a research note on Thursday, July 20th. National Bank Financial cut shares of Granite Oil Corp from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$6.00 to C$4.50 in a research report on Thursday. Finally, Raymond James Financial, Inc. cut shares of Granite Oil Corp from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from C$8.75 to C$8.50 in a research report on Thursday.

WARNING: “Granite Oil Corp (GXO) Forecasted to Earn Q3 2017 Earnings of $0.06 Per Share” was first published by Ticker Report and is the property of of Ticker Report. If you are reading this article on another domain, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this article can be read at https://www.tickerreport.com/banking-finance/2801993/granite-oil-corp-gxo-forecasted-to-earn-q3-2017-earnings-of-0-06-per-share.html.

Shares of Granite Oil Corp (TSE GXO) opened at 4.04 on Friday. The firm’s market capitalization is $136.20 million. Granite Oil Corp has a 52-week low of $4.02 and a 52-week high of $7.12. The company has a 50-day moving average price of $4.61 and a 200 day moving average price of $5.17.

In related news, insider Henry Peter Hamm acquired 6,700 shares of the company’s stock in a transaction that occurred on Friday, July 7th. The stock was purchased at an average price of C$4.45 per share, for a total transaction of C$29,815.00. Insiders purchased a total of 11,000 shares of company stock valued at $47,444 in the last 90 days.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be given a $0.035 dividend. This represents a $0.42 annualized dividend and a yield of 10.40%. The ex-dividend date of this dividend is Thursday, July 27th.

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.

Earnings History and Estimates for Granite Oil Corp (TSE:GXO)

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.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.