TSE:GXO

Granite Oil Stock Forecast, Price & News

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Today's Range N/A

50-Day Range

C$0.94

MA: C$0.94▼

C$0.94

52-Week Range N/A

Volume169,411 shs

Average Volume190,624 shs

Market CapitalizationC$36.45 million

P/E Ratio6.76

Dividend Yield28.57%

BetaN/A

Granite Oil Corp. engages in the exploration for, exploitation, development, and production of oil and natural gas in Canada. The company holds a 98% working interest in the Alberta Bakken properties covering 56,409 net undeveloped acres and 72,652 net developed acres with 68.0 net oil wells and 83.0 net gas wells located in southern Alberta. The company was formerly known as DeeThree Exploration Ltd. and changed its name to Granite Oil Corp. in May 2015. Granite Oil Corp. was founded in 2015 and is headquartered in Calgary, Canada.

Industry, Sector and Symbol

Stock Exchange TSE

Industry Oil & Gas E&P

Sub-IndustryN/A

SectorEnergy

Current SymbolTSE:GXO

Previous SymbolTSE:DTX

CUSIPN/A

CIKN/A

Webwww.graniteoil.ca

Phone+1-587-3499122

Employees9

Year FoundedN/A

Debt

Debt-to-Equity Ratio21.24

Current Ratio0.12

Quick Ratio0.10

Price-To-Earnings

Trailing P/E Ratio6.76

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual SalesC$28.33 million

Price / Sales0.00

Cash FlowN/A

Price / Cash Flow52.22

Book ValueC$5.04 per share

Price / BookN/A

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Outstanding Shares38,776,000

Market CapC$36.45 million

Next Earnings DateN/A

OptionableNot Optionable

Headlines

Granite Oil Corp. Announces Second Quarter, 2017 Results and Appointment of New Director
May 21, 2020 | www.bloomberg.com

Some Granite Oil (TSE:GXO) Shareholders Have Copped A 95% Share Price Wipe Out
January 1, 2020 | finance.yahoo.com

Should You Worry About Granite Oil Corp.'s (TSE:GXO) CEO Pay Cheque?
November 13, 2019 | finance.yahoo.com

Granite Oil Corp. Reports Third Quarter 2019 Financial and Operating Results
November 6, 2019 | finance.yahoo.com

Granite Oil Corp.
October 4, 2019 | www.barrons.com

A Look At The Fair Value Of Granite Oil Corp. (TSE:GXO)
September 5, 2019 | finance.yahoo.com

Granite Oil Corp. Reports Second Quarter 2019 Financial and Operating Results
August 12, 2019 | finance.yahoo.com

Here's Why Granite Oil (TSE:GXO) Is Weighed Down By Its Debt Load
July 26, 2019 | finance.yahoo.com

Could Granite Oil Corp.'s (TSE:GXO) Investor Composition Influence The Stock Price?
June 20, 2019 | finance.yahoo.com

Easy Come, Easy Go: How Granite Oil (TSE:GXO) Shareholders Torched 98% Of Their Cash
June 20, 2019 | finance.yahoo.com

Is Granite Oil Corp.'s (TSE:GXO) CEO Overpaid Relative To Its Peers?
June 4, 2019 | finance.yahoo.com

Granite Oil Corp. Announces Credit Facility Renewal
May 16, 2019 | finance.yahoo.com

Granite Oil Corp. Reports First Quarter 2019 Financial and Operating Results
May 9, 2019 | www.nasdaq.com

Granite Oil Corp. Reports First Quarter 2019 Financial and Operating Results
May 9, 2019 | finance.yahoo.com

Granite Oil Corp. Provides 2019 Well Test Results, Operational and Corporate Update
May 2, 2019 | finance.yahoo.com

Here’s why Granite Oil Corp.’s (TSE:GXO) Returns On Capital Matters So Much
April 19, 2019 | finance.yahoo.com

Granite Oil Corp. Reports Year End 2018 Financial Results
March 22, 2019 | finance.yahoo.com

See More Headlines

MarketRank^™

Overall MarketRank^™

1.13 out of 5 stars

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Granite Oil.

2.5 Community Rank

Outperform Votes
Granite Oil has received 285 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Granite Oil has received 281 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Granite Oil has received 50.35% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Granite Oil and other stocks. Vote “Outperform” if you believe GXO will outperform the S&P 500 over the long term. Vote “Underperform” if you believe GXO will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Granite Oil is a leading dividend payer. It pays a dividend yield of 28.57%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Granite Oil does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Granite Oil is 23.74%. This payout ratio is at a healthy, sustainable level, below 75%.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Granite Oil insiders have not sold or bought any company stock.

0.6 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Granite Oil is 6.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.03.
Price to Earnings Ratio vs. Sector
The P/E ratio of Granite Oil is 6.76, which means that it is trading at a more expensive P/E ratio than the Energy sector average P/E ratio of about 3.14.

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Granite Oil (TSE:GXO) Frequently Asked Questions

What stocks does MarketBeat like better than Granite Oil?

Wall Street analysts have given Granite Oil a "N/A" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Granite Oil wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Is Granite Oil a good dividend stock?

Granite Oil pays an annual dividend of C$0.03 per share and currently has a dividend yield of 28.57%. GXO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Granite Oil is 23.74%. This payout ratio is at a healthy, sustainable level, below 75%.
View Granite Oil's dividend history.

Who are Granite Oil's key executives?

Granite Oil's management team includes the following people:

Mr. Michael Lyle Kabanuk, Pres, CEO & Director (Age 48)
Ms. Gail Hannon, Chief Financial Officer
Mr. Tyler Klatt, VP of Exploration
Mr. Devon Griffiths, Chief Operating Officer
Mr. Daniel Ellis Kenney, Corp. Sec. (Age 49)

Who are some of Granite Oil's key competitors?

Some companies that are related to Granite Oil include TransGlobe Energy (TGL), Orca Exploration Group (ORC.B), Iron Bridge Resources (IBR), Pharos Energy (PHAR), PetroTal (PTAL), Gear Energy (GXE), Bonterra Energy (BNE), Painted Pony Energy Ltd. (PONY.TO) (PONY), Obsidian Energy (OBE), Independent Oil and Gas (IOG), VAALCO Energy (EGY), Gran Tierra Energy (GTE), Corridor Resources (CDH), Leucrotta Exploration (LXE) and Yangarra Resources (YGR).
View all of GXO's competitors.

What other stocks do shareholders of Granite Oil own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Oil investors own include Crius Energy Unt (KWH.UN), (LIQ.TO) (LIQ), Crescent Point Energy (CPG), B2Gold (BTO), Amarillo Gold (AGC), (ITC) (ITC), (LIX.V) (LIX), Silvercorp Metals (SVM), Enerplus (ERF) and CES Energy Solutions (CEU).

What is Granite Oil's stock symbol?

Granite Oil trades on the Toronto Stock Exchange (TSX) under the ticker symbol "GXO."

How do I buy shares of Granite Oil?

Shares of GXO and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

How much money does Granite Oil make?

Granite Oil has a market capitalization of C$0.00 and generates C$28.33 million in revenue each year.

How many employees does Granite Oil have?

Granite Oil employs 9 workers across the globe.

What is Granite Oil's official website?

The official website for Granite Oil is www.graniteoil.ca.

Where are Granite Oil's headquarters?

Granite Oil is headquartered at 432.-222 3 Ave SW, CALGARY, AB T2P 0B4, Canada.

How can I contact Granite Oil?

Granite Oil's mailing address is 432.-222 3 Ave SW, CALGARY, AB T2P 0B4, Canada. The company can be reached via phone at +1-587-3499122.

This page was last updated on 4/18/2021 by MarketBeat.com Staff

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Granite Oil Stock Forecast, Price & News

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Adding Granite Oil Corp

Industry, Sector and Symbol

Debt

Price-To-Earnings

Sales & Book Value

Profitability

Miscellaneous

Headlines

MarketRank™

Overall MarketRank™

0.0 Analyst's Opinion

Consensus Rating

2.5 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment

2.5 Dividend Strength

Dividend Leadership

Dividend Growth

Dividend Coverage