Granite Oil Corp (GXO) Given New C$10.00 Price Target at Royal Bank Of Canada
A number of other equities analysts have also commented on GXO. National Bank Financial reduced their price target on shares of Granite Oil Corp from C$10.50 to C$9.50 and set an outperform rating on the stock in a research report on Wednesday, June 15th. Raymond James Financial Inc. boosted their price target on shares of Granite Oil Corp from C$10.00 to C$10.50 in a research report on Friday, June 17th. TD Securities restated a buy rating and issued a C$8.50 price target on shares of Granite Oil Corp in a research report on Monday, June 20th. Finally, RBC Capital Markets reduced their price target on shares of Granite Oil Corp from C$10.00 to C$9.00 in a research report on Thursday. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Granite Oil Corp presently has an average rating of Buy and a consensus price target of C$9.54.
Granite Oil Corp (TSE:GXO) traded up 0.52% during trading on Thursday, reaching $5.84. 3,250 shares of the company were exchanged. Granite Oil Corp has a 52-week low of $5.21 and a 52-week high of $9.39. The firm has a 50-day moving average of $6.10 and a 200-day moving average of $6.92. The firm’s market cap is $196.19 million.
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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