Today, an analyst has provided a rating update for the Materials sector company, Granite Oil (GXO). The company received a Hold rating from Raymond James’ analyst Kurt Molnar, with a C$1.50 price target.
According to TipRanks.com, Molnar ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -23.8% and a 18.2% success rate. Molnar covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Birchcliff Energy Ltd, and NuVista Energy Ltd.
Granite Oil has an analyst consensus of Hold, with a price target consensus of C$1.25.
Granite Oil’s market cap is currently C$30.43M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.16.
Granite Oil Corp. is engaged in the exploration, development, and production of gas and oil. The company was founded on November 22, 2007 and is headquartered in Calgary, Canada.
The company’s shares closed on Wednesday at C$0.90, close to its 52-week low of C$0.43.
