The stock of Granite Oil Corp (TSE:GXO) is a huge mover today! About 33,364 shares traded hands. Granite Oil Corp (TSE:GXO) has declined 18.03% since March 14, 2016 and is downtrending. It has underperformed by 23.57% the S&P500.
The move comes after 9 months positive chart setup for the $205.12M company. It was reported on Oct, 19 by Barchart.com. We have $9.77 PT which if reached, will make TSE:GXO worth $127.17M more.
Granite Oil Corp (TSE:GXO) Ratings Coverage
Out of 3 analysts covering Granite Oil (TSE:GXO), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $10.50 is the highest target while $7.25 is the lowest. The $9.15 average target is 51.74% above today’s ($6.03) stock price. Granite Oil has been the topic of 14 analyst reports since July 21, 2015 according to StockzIntelligence Inc.
More notable recent Granite Oil Corp (TSE:GXO) news were published by: Marketwired.com which released: “Granite Oil Corp. Announces Drilling Update” on September 06, 2016, also Marketwired.com with their article: “Granite Oil Corp. Announces Second Quarter Results and Monthly Dividend for …” published on August 11, 2016, Marketwired.com published: “Granite Oil Corp. Announces 2016 Budget and Guidance Update” on June 16, 2016. More interesting news about Granite Oil Corp (TSE:GXO) were released by: Marketwired.com and their article: “Granite Oil Corp. Announces Closing of $16.5 Million Bought Deal Financing” published on June 15, 2016 as well as Marketwired.com‘s news article titled: “Granite Oil Corp. Announces 2015 Year End Reserves, Operational Update and …” with publication date: March 14, 2016.
Granite Oil Corp., formerly DeeThree Exploration Ltd., is a Canada oil producer based in Calgary, Alberta with lands and activities located in southern Alberta. The company has a market cap of $205.12 million. The Firm is engaged in the exploration for and exploitation, development and production of oil and natural gas. It currently has negative earnings. The Company’s Alberta Bakken Properties are located in southern Alberta, approximately 70 kilometers south of Lethbridge.
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