Several analysts have recently updated their ratings and price targets for Granite Oil (TSE: GXO):

  • 4/8/2019 – Granite Oil had its price target lowered by analysts at National Bank Financial from C$1.00 to C$0.90. They now have a “sector perform” rating on the stock.
  • 3/25/2019 – Granite Oil had its price target lowered by analysts at National Bank Financial from C$1.10 to C$1.00. They now have a “sector perform” rating on the stock.
  • 3/25/2019 – Granite Oil had its price target lowered by analysts at Raymond James from C$1.50 to C$1.30. They now have a “market perform” rating on the stock.
  • 3/25/2019 – Granite Oil was downgraded by analysts at TD Securities from a “speculative buy” rating to a “hold” rating. They now have a C$0.90 price target on the stock, down previously from C$1.00.
  • 3/14/2019 – Granite Oil had its price target raised by analysts at Cormark from C$1.10 to C$1.30.
  • 3/13/2019 – Granite Oil had its “market perform” rating reaffirmed by analysts at Raymond James. They now have a C$1.50 price target on the stock.

Shares of GXO stock traded down C$0.07 during trading hours on Thursday, hitting C$0.78. 68,964 shares of the company were exchanged, compared to its average volume of 54,878. The firm has a market cap of $32.33 million and a P/E ratio of 39.00. Granite Oil Corp has a 1 year low of C$0.43 and a 1 year high of C$3.41. The company has a debt-to-equity ratio of 24.14, a current ratio of 0.13 and a quick ratio of 0.06.

Granite Oil Corp. engages in the exploration for, exploitation, development, and production of oil and natural gas in Canada. The company holds 100% working interest in the Alberta Bakken properties covering 103,487 undeveloped acres and 72,734 net developed acres with 65.0 net oil wells and 89.0 net gas wells located in southern Alberta.

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