National Bank Financial Boosts Granite Oil (GXO) Price Target to C$3.00

Granite Oil (TSE:GXO) had its price objective lifted by National Bank Financial from C$2.75 to C$3.00 in a research report sent to investors on Tuesday morning. National Bank Financial currently has a sector perform rating on the stock.

Several other analysts have also issued reports on the stock. Royal Bank of Canada dropped their target price on shares of Granite Oil from C$6.00 to C$5.00 and set an outperform rating on the stock in a research report on Monday, November 13th. TD Securities dropped their target price on shares of Granite Oil from C$5.50 to C$4.50 in a research report on Monday, November 13th.

Shares of Granite Oil (TSE:GXO) opened at C$3.01 on Tuesday. Granite Oil has a 52-week low of C$2.85 and a 52-week high of C$6.28. The stock has a market cap of $102.91, a PE ratio of -60.20 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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