Granite Oil (TSE:GXO) had its price target lifted by National Bank Financial from C$2.75 to C$3.00 in a research note issued to investors on Tuesday. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 3.45% from the company’s current price.

Other analysts also recently issued research reports about the company. Royal Bank of Canada dropped their price target on Granite Oil from C$6.00 to C$5.00 and set an “outperform” rating for the company in a research report on Monday, November 13th. TD Securities dropped their price target on Granite Oil from C$5.50 to C$4.50 in a research report on Monday, November 13th.

Granite Oil (TSE GXO) opened at C$2.90 on Tuesday. Granite Oil has a 12 month low of C$2.85 and a 12 month high of C$6.28. The company has a market capitalization of $101.20, a PE ratio of -58.00 and a beta of -0.91.

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About Granite Oil

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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