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.
Industry, Sector and Symbol:
- Sector: N/A
- Industry: N/A
- Sub-Industry: N/A
- Symbol: TSE:GXO
- CUSIP: N/A
- Web: www.graniteoil.ca/
Capitalization:- Market Cap: C$163.17 million
- Outstanding Shares: 33,712,000
Average Prices:- 50 Day Moving Avg: C$4.61
- 200 Day Moving Avg: C$5.29
- 52 Week Range: C$4.31 - C$8.22
P/E:- Trailing P/E Ratio: N/A
- P/E Growth: 0.00
Sales & Book Value:- Annual Revenue: C$37.84 million
- Price / Sales: 4.31
- Book Value: C$6.37 per share
- Price / Book: 0.76
Dividend:
Profitability:- EBIDTA: C$18.28 million
- Net Margins: 24.14%
- Return on Equity: 4.67%
- Return on Assets: 3.44%
Misc:- Average Volume: 62,825 shs.
- Short Ratio: 3.16
Frequently Asked Questions for Granite Oil Corp (TSE:GXO)
What is Granite Oil Corp's stock symbol?
Granite Oil Corp trades on the Tornton Stock Exchange (TSX) under the ticker symbol "GXO."
How often does Granite Oil Corp pay dividends? What is the dividend yield for Granite Oil Corp?
Granite Oil Corp declared a monthly dividend on Monday, July 17th. Investors of record on Monday, July 31st will be given a dividend of 0.035 per share on Tuesday, August 15th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 8.68%. The ex-dividend date is Thursday, July 27th. View Granite Oil Corp's Dividend History.
Where is Granite Oil Corp's stock going? Where will Granite Oil Corp's stock price be in 2017?
4 brokers have issued twelve-month price targets for Granite Oil Corp's stock. Their predictions range from C$6.00 to C$10.50. On average, they expect Granite Oil Corp's stock price to reach C$7.50 in the next twelve months. View Analyst Ratings for Granite Oil Corp.
Who are some of Granite Oil Corp's key competitors?
Some companies that are related to Granite Oil Corp include Firm Capital Mortgage Investment Corp (FC), Information Services Corp (ISV), Imperial Metals Corp (III), Gdi Integrated Facility Services (GDI), Acadian Timber Corp (ADN), Absolute Software (ABT), Cona Resources Ltd (NBZ), CRH Medical Corp (CRH), AirBoss of America Corp (BOS), North American Palladium Ltd (PDL), Golden Star Resources (GSC), Perseus Mining Ltd (PRU), TSO3 (TOS), Belo Sun Mining Corp (BSX), Liquor Stores N.A. Ltd (LIQ), Street Capital Group (CXS), Pure Technologies (PUR) and 5N Plus (VNP).
Who are Granite Oil Corp's key executives?
Granite Oil Corp's management team includes the folowing people:
- Michael Kabanuk, Executive Chairman of the Board
- Martin J. Cheyne, President, Chief Executive Officer, Director
- Gail Hannon, Chief Financial Officer
- Jonathan Fleming, Executive Vice President, IR Contact Officer
- Trevor Murray, Vice President - Land
- Clayton Thatcher, Vice President - Exploration
- Daniel E. Kenney, Corporate Secretary
- Brendan Carrigy, Director
- Kevin D. Andrus, Independent Director
- Henry Hamm, Independent Director
How do I buy Granite Oil Corp stock?
Shares of Granite Oil Corp and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.
What is Granite Oil Corp's stock price today?
One share of Granite Oil Corp stock can currently be purchased for approximately C$4.84.
MarketBeat Community Rating for Granite Oil Corp (TSE GXO)MarketBeat's community ratings are surveys of what our community members think about Granite Oil Corp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Granite Oil Corp (TSE:GXO) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 3 Buy Ratings, 1 Strong Buy Rating |
| Consensus Rating: | Buy (Score: 3.25) |
| Consensus Price Target: | C$7.50 |
Analysts' Ratings History for Granite Oil Corp (TSE:GXO)
Show:
| Date | Firm | Action | Rating | Price Target | Details |
|---|
| 7/20/2017 | Royal Bank Of Canada | Lower Price Target | | C$8.00 -> C$6.00 |  |
| 3/23/2017 | Raymond James Financial, Inc. | Reiterated Rating | Strong-Buy | C$10.50 | |
| 2/22/2017 | TD Securities | Boost Price Target | Buy | C$7.50 -> C$8.00 | |
| 11/10/2016 | National Bank Financial | Lower Price Target | Outperform | C$8.50 -> C$6.50 | |
| 10/19/2016 | CIBC | Lower Price Target | | C$8.50 -> C$6.50 | |
| 4/4/2016 | Dundee Securities | Boost Price Target | | C$8.00 -> C$8.75 | |
(Data available from 7/24/2015 forward)
Earnings History for Granite Oil Corp (TSE:GXO)
No earnings announcements for this company have been tracked by MarketBeat.com
Earnings Estimates for Granite Oil Corp (TSE:GXO)2017 EPS Consensus Estimate: $0.24
2018 EPS Consensus Estimate: $0.36
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | $0.04 | $0.04 | $0.04 |
| Q2 2017 | 1 | $0.05 | $0.05 | $0.05 |
| Q3 2017 | 1 | $0.07 | $0.07 | $0.07 |
| Q4 2017 | 1 | $0.08 | $0.08 | $0.08 |
| Q1 2018 | 1 | $0.09 | $0.09 | $0.09 |
| Q2 2018 | 1 | $0.09 | $0.09 | $0.09 |
| Q3 2018 | 1 | $0.09 | $0.09 | $0.09 |
| Q4 2018 | 1 | $0.09 | $0.09 | $0.09 |
(Data provided by Zacks Investment Research)
Dividend History by Quarter for Granite Oil Corp (TSE GXO)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 7/17/2017 | Monthly | $0.04 | | 7/27/2017 | 7/31/2017 | 8/15/2017 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Granite Oil Corp (TSE:GXO)Insider Trades by Quarter for Granite Oil Corp (TSE:GXO)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 7/11/2017 | Henry Peter Hamm | Insider | Buy | 2,000 | C$4.45 | C$8,900.00 | |
| 7/10/2017 | Henry Peter Hamm | Insider | Buy | 100 | C$4.45 | C$445.00 | |
| 7/7/2017 | Henry Peter Hamm | Insider | Buy | 6,700 | C$4.45 | C$29,815.00 | |
| 6/28/2017 | Gmt Capital Corp | Director | Buy | 100 | C$3.39 | C$339.00 | |
| 6/27/2017 | Gmt Capital Corp | Director | Buy | 1,300 | C$3.40 | C$4,420.00 | |
| 6/26/2017 | Gmt Capital Corp | Director | Buy | 300 | C$3.35 | C$1,005.00 | |
| 6/13/2017 | Tyler Klatt | Insider | Sell | 4,000 | C$4.65 | C$18,600.00 | |
| 5/18/2017 | Tyler Klatt | Insider | Buy | 500 | C$5.04 | C$2,520.00 | |
| 3/9/2017 | Michael Lyle Kabanuk | Director | Buy | 200 | C$5.55 | C$1,110.00 | |
| 3/2/2017 | Tyler Klatt | Insider | Buy | 1,000 | C$5.74 | C$5,740.00 | |
| 2/27/2017 | Michael Lyle Kabanuk | Director | Buy | 2,000 | C$5.80 | C$11,600.00 | |
| 1/30/2017 | Bradley Blair Porter | Director | Buy | 3,200 | C$5.16 | C$16,512.00 | |
| 1/27/2017 | Bradley Blair Porter | Director | Buy | 65,000 | C$5.39 | C$350,350.00 | |
| 1/13/2017 | Gmt Capital Corp | Director | Sell | 22,500 | C$4.40 | C$99,000.00 | |
| 12/8/2016 | Michael Lyle Kabanuk | Director | Buy | 1,000 | C$5.40 | C$5,400.00 | |
| 7/6/2016 | Henry Peter Hamm | Director | Buy | 1,000 | C$7.66 | C$7,660.00 | |
| 7/5/2016 | Henry Peter Hamm | Director | Buy | 200 | C$7.97 | C$1,594.00 | |
| 7/4/2016 | Henry Peter Hamm | Director | Buy | 700 | C$8.03 | C$5,621.00 | |
| 1/21/2016 | Gmt Capital Corp | Director | Sell | 4,301 | C$4.89 | C$21,031.89 | |
| 12/23/2015 | Martin James Cheyne | Director | Sell | 55,000 | C$7.21 | C$396,550.00 | |
| 12/22/2015 | Henry Peter Hamm | Director | Buy | 55,000 | C$7.21 | C$396,550.00 | |
| 7/20/2015 | Gmt Capital Corp | Director | Buy | 5,000 | C$4.23 | C$21,150.00 | |
| 7/17/2015 | Gmt Capital Corp | Director | Buy | 2,100 | C$4.34 | C$9,114.00 | |
| 7/16/2015 | Gmt Capital Corp | Director | Buy | 1,200 | C$4.33 | C$5,196.00 | |
| 7/16/2015 | Jonathan Fleming | Insider | Buy | 4,000 | C$5.55 | C$22,210.00 | |
| 7/14/2015 | Gmt Capital Corp | Director | Buy | 1,100 | C$4.29 | C$4,719.00 | |
| 7/7/2015 | Gmt Capital Corp | Director | Buy | 1,500 | C$4.87 | C$7,305.00 | |
| 7/7/2015 | Jonathan Fleming | Insider | Buy | 2,000 | C$6.00 | C$12,000.00 | |
| 7/6/2015 | Gmt Capital Corp | Director | Buy | 5,500 | C$4.95 | C$27,225.00 | |
| 7/3/2015 | Gmt Capital Corp | Director | Buy | 2,800 | C$5.03 | C$14,084.00 | |
| 6/30/2015 | Gmt Capital Corp | Director | Buy | 6,600 | C$5.09 | C$33,594.00 | |
| 6/29/2015 | Gmt Capital Corp | Director | Buy | 1,700 | C$5.15 | C$8,755.00 | |
| 6/29/2015 | Tyler Klatt | Insider | Buy | 1,400 | C$6.41 | C$8,974.00 | |
| 6/24/2015 | Gmt Capital Corp | Director | Buy | 9,800 | C$5.35 | C$52,430.00 | |
| 6/23/2015 | Gmt Capital Corp | Director | Buy | 4,700 | C$5.36 | C$25,192.00 | |
| 6/22/2015 | Gmt Capital Corp | Director | Buy | 5,400 | C$6.82 | C$36,828.00 | |
| 6/16/2015 | Gmt Capital Corp | Director | Buy | 1,100 | C$5.44 | C$5,984.00 | |
| 6/15/2015 | Gmt Capital Corp | Director | Buy | 6,400 | C$5.50 | C$35,200.00 | |
| 6/9/2015 | Gmt Capital Corp | Director | Buy | 8,400 | C$5.69 | C$47,796.00 | |
| 6/8/2015 | Gmt Capital Corp | Director | Buy | 1,000 | C$5.69 | C$5,690.00 | |
| 6/5/2015 | Gmt Capital Corp | Director | Buy | 1,000 | C$5.64 | C$5,640.00 | |
| 6/4/2015 | Gmt Capital Corp | Director | Buy | 4,900 | C$5.44 | C$26,656.00 | |
| 6/2/2015 | Gmt Capital Corp | Director | Buy | 10,600 | C$5.60 | C$59,360.00 | |
| 5/21/2015 | Brendan Richard Carrigy | Director | Buy | 1,100 | C$6.05 | C$6,655.00 | |
| 5/21/2015 | Jonathan Fleming | Insider | Buy | 5,000 | C$6.49 | C$32,450.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Granite Oil Corp (TSE:GXO)
Latest Headlines for Granite Oil Corp (TSE:GXO)
| Source: |
|
| Date | Headline |
|---|
 | Granite Oil Corp. breached its 50 day moving average in a Bullish Manner : GXO-CA : July 20, 2017
finance.yahoo.com - July 20 at 10:23 PM |
 | Royal Bank Of Canada Lowers Granite Oil Corp (TSE:GXO) Price Target to C$6.00
www.americanbankingnews.com - July 20 at 4:08 PM |
| Granite Oil Corp Declares Monthly Dividend of $0.04 (GXO)
www.americanbankingnews.com - July 18 at 1:17 PM |
 | Granite Oil Corp. Announces Monthly Dividend for July, 2017 - GlobeNewswire (press release)
globenewswire.com - July 15 at 2:08 AM |
 | Granite Oil Corp. Announces Monthly Dividend for July, 2017
feeds.benzinga.com - July 14 at 2:30 PM |
| Granite Oil Corp (GXO) Insider Acquires C$29,815.00 in Stock
www.americanbankingnews.com - July 12 at 5:02 PM |
| Granite Oil Corp (GXO) Insider Tyler Klatt Sells 4,000 Shares
www.americanbankingnews.com - June 14 at 11:10 PM |
| Research Reports Initiated on Energy Stocks: Granite Oil, Dundee Energy, Zargon Oil and Gas, and Delphi Energy
finance.yahoo.com - May 31 at 8:56 AM |
| Cormark Weighs in on Granite Oil Corp's Q3 2017 Earnings (GXO)
www.americanbankingnews.com - May 11 at 9:46 AM |
| Granite Oil Corp. Announces Results of Shareholder Meeting
finance.yahoo.com - May 10 at 10:48 PM |
| Granite Oil Corp. – Value Analysis (TORONTO:GXO) : April 19, 2017
finance.yahoo.com - April 19 at 5:29 PM |
| Granite Oil Corp. breached its 50 day moving average in a Bearish Manner : GXO-CA : April 18, 2017
finance.yahoo.com - April 18 at 11:19 AM |
| Granite Oil Corp (GXO) Rating Reiterated by Raymond James Financial, Inc.
www.americanbankingnews.com - March 29 at 8:38 AM |
| Granite Oil Corp (GXO) Given a C$10.50 Price Target at Raymond James Financial, Inc.
www.americanbankingnews.com - March 23 at 2:43 PM |
| Granite Oil Corp. Announces Fourth Quarter and Year End 2016 Financial Results and Operations Update
finance.yahoo.com - March 22 at 10:49 PM |
| Granite Oil Corp (GXO) to Release Quarterly Earnings on Monday
www.americanbankingnews.com - March 17 at 9:06 PM |
| EnerCom Dallas Announces Conference Presenters and Agenda
finance.yahoo.com - February 3 at 6:04 PM |
 | Granite Wash To Rebound On Stronger Natural Gas Prices?
seekingalpha.com - December 8 at 10:55 AM |
Granite Oil Corp (GXO) Chart for Monday, July, 24, 2017
