Granite Oil Corp (TSE:GXO) had its target price trimmed by TD Securities from C$9.00 to C$8.00 in a research report report published on Friday morning. The firm currently has a buy rating on the stock.

A number of other analysts have also recently commented on the company. CIBC cut their target price on Granite Oil Corp from C$8.50 to C$6.50 in a research report on Wednesday, October 19th. National Bank Financial lifted their target price on Granite Oil Corp from C$9.50 to C$10.50 in a research report on Wednesday, August 3rd. 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 cut 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 stock. Granite Oil Corp presently has an average rating of Buy and an average target price of C$8.18.

Analyst Recommendations for Granite Oil Corp (TSE:GXO)

Shares of Granite Oil Corp (TSE:GXO) opened at 4.61 on Friday. The stock has a 50 day moving average price of $5.38 and a 200-day moving average price of $6.69. The stock’s market cap is $154.87 million. Granite Oil Corp has a 52 week low of $4.31 and a 52 week high of $9.26.

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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