National Bank Financial Lowers Granite Oil Corp (GXO) Price Target to C$6.50
Granite Oil Corp (TSE:GXO) had its target price cut by stock analysts at National Bank Financial from C$8.50 to C$6.50 in a report released on Thursday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 43.81% from the stock’s current price.
Other research analysts have also issued research reports about the company. TD Securities lifted their target price on Granite Oil Corp from C$9.50 to C$10.00 and gave the stock a “buy” rating in a research report on Friday, September 23rd. CIBC decreased their target price on Granite Oil Corp from C$8.50 to C$6.50 in a research report on Wednesday, October 19th. Royal Bank Of Canada lifted their target price on Granite Oil Corp from C$9.00 to C$10.00 in a research report on Thursday, October 13th. Finally, RBC Capital Markets decreased their target price on Granite Oil Corp from C$10.00 to C$9.00 in a research report on Thursday, October 13th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of C$8.18.
Granite Oil Corp (TSE:GXO) opened at 4.52 on Thursday. The firm has a 50-day moving average price of $5.46 and a 200 day moving average price of $6.73. The stock’s market cap is $151.85 million. Granite Oil Corp has a 52-week low of $4.31 and a 52-week high of $9.26.
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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