Granite Oil Corp (GXO) Price Target Lowered to C$5.00 at Royal Bank Of Canada
Granite Oil Corp (TSE:GXO) had its price target decreased by Royal Bank Of Canada from C$6.00 to C$5.00 in a research note issued to investors on Monday morning. Royal Bank Of Canada currently has an outperform rating on the stock.
GXO has been the topic of a number of other research reports. National Bank Financial lowered Granite Oil Corp from an outperform rating to a sector perform rating and dropped their target price for the company from C$6.00 to C$4.50 in a report on Thursday, August 10th. Raymond James Financial, Inc. dropped their target price on Granite Oil Corp from C$8.75 to C$8.50 and set an outperform rating on the stock in a report on Thursday, August 17th. Finally, TD Securities dropped their target price on Granite Oil Corp from C$5.50 to C$4.50 in a report on Monday.
Granite Oil Corp (TSE GXO) opened at C$2.98 on Monday. Granite Oil Corp has a fifty-two week low of C$2.88 and a fifty-two week high of C$6.28.
Granite Oil Corp Company Profile
Granite Oil Corp. engages in the exploration, development, production, and exploitation of oil and natural gas in the Western Canada Sedimentary Basin in Canada. It owns and operates the Alberta Bakken oil pool in southern Alberta. The company was formerly known as DeeThree Exploration Ltd. and changed its name to Granite Oil Corp.
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