A statement released earlier today by TD Securities about Granite Oil (TSE:GXO) bumps down the target price to $9.50
- Updated: September 23, 2016
Boasting a price of $5.99, Granite Oil (TSE:GXO) traded -2.13% lower on the day. With the last stock price close down -15.31% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Granite Oil has recorded a 50-day average of $6.62 and a two hundred day average of $7.06. Volume of trade was up over the average, with 208,899 shares of GXO changing hands over the typical 103,649
TD Securities bumped down the target of Granite Oil (TSE:GXO) to $9.50 stating a potential upside of 0.59%.
On Thursday September 22, 2016, National Bank Financial released a statement for Granite Oil (TSE:GXO) bumped down the target price from $9.50 to $8.50 that suggested an upside of 0.40%.
With a total market value of $0, Granite Oil has with a one year low of $5.93 and a one year high of $9.39 .
A total of 6 equity analysts have released a research note on GXO. One equity analyst rating the company a strong buy, five equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $7.41.
Brief Synopsis About Granite Oil (TSE:GXO)
Granite Oil Corp., formerly DeeThree Exploration Ltd., is a Canada-based oil producer based in Calgary, Alberta with lands and operations located in southern Alberta. The Company is engaged in the exploration for and exploitation, development and production of oil and natural gas. Its Alberta Bakken Properties are located in southern Alberta, approximately 70 kilometers south of Lethbridge. This property consists of an average working interest of approximately 100% in over 393,453 gross (391,633 net) undeveloped acres and approximately 54,434 gross (52,140) net developed acres. The Alberta Bakken Properties include approximately 60 gross (61.4 net) oil wells and over 140 gross (138.16 net) gas wells. It is engaged in the drilling operations of approximately 20 gross (16.0 net) wells, over 10 gross (12.0 net) of which are drilled on the Alberta Bakken Properties, approximately four gross (4.0 net) are drilled on the Brazeau Belly River Properties.
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