Granite Oil Corp (GXO) PT Lowered to C$2.75

Granite Oil Corp (TSE:GXO) had its price target cut by National Bank Financial from C$3.00 to C$2.75 in a research report sent to investors on Monday. They currently have a sector perform rating on the stock.

GXO has been the subject of a number of other research reports. Royal Bank Of Canada lowered their target price on Granite Oil Corp from C$6.00 to C$5.00 and set an outperform rating for the company in a research note on Monday. TD Securities lowered their price target on Granite Oil Corp from C$5.50 to C$4.50 in a research report on Monday. Finally, Raymond James Financial, Inc. lowered their price target on Granite Oil Corp from C$8.75 to C$8.50 and set an outperform rating for the company in a research report on Thursday, August 17th.

Shares of Granite Oil Corp (GXO) opened at C$2.98 on Monday. Granite Oil Corp has a 52 week low of C$2.88 and a 52 week high of C$6.28.

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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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