Granite Oil Corp (TSE:GXO) had its price objective decreased by RBC Capital Markets from C$10.00 to C$9.00 in a research note published on Thursday morning.

A number of other equities analysts also recently weighed in on GXO. TD Securities boosted their target price on shares of Granite Oil Corp from C$9.50 to C$10.00 and gave the stock a buy rating in a research note on Friday, September 23rd. National Bank Financial lowered their target price on shares of Granite Oil Corp from C$9.50 to C$8.50 and set an outperform rating for the company in a research note on Thursday, September 22nd. Raymond James Financial Inc. upped their target price 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 reaffirmed an outperform rating and issued a C$10.00 target price 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. Granite Oil Corp has a consensus rating of Buy and an average target price of C$9.54.

Granite Oil Corp (TSE:GXO) traded up 0.52% on Thursday, hitting $5.84. 3,250 shares of the company were exchanged. 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 $196.19 million. The stock has a 50 day moving average price of $6.10 and a 200 day moving average price of $6.92.

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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