Granite Oil Corp Company Profile (TSE:GXO)

About Granite Oil Corp (TSE:GXO)

Granite Oil Corp logoGranite 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:
  • Dividend Yield: 9.1%
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?

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)
Community Ranking:  3.0 out of 5 (  )
Outperform Votes:  81 (Vote Outperform)
Underperform Votes:  55 (Vote Underperform)
Total Votes:  136
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.

Analyst Ratings

Consensus Ratings for Granite Oil Corp (TSE:GXO) (How are Consensus Ratings Calculated?)
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:
DateFirmActionRatingPrice TargetDetails
7/20/2017Royal Bank Of CanadaLower Price TargetC$8.00 -> C$6.00View Rating Details
3/23/2017Raymond James Financial, Inc.Reiterated RatingStrong-BuyC$10.50View Rating Details
2/22/2017TD SecuritiesBoost Price TargetBuyC$7.50 -> C$8.00View Rating Details
11/10/2016National Bank FinancialLower Price TargetOutperformC$8.50 -> C$6.50View Rating Details
10/19/2016CIBCLower Price TargetC$8.50 -> C$6.50View Rating Details
4/4/2016Dundee SecuritiesBoost Price TargetC$8.00 -> C$8.75View Rating Details
(Data available from 7/24/2015 forward)

Earnings

Earnings History for Granite Oil Corp (TSE:GXO)
No earnings announcements for this company have been tracked by MarketBeat.com

Estimates

Earnings Estimates for Granite Oil Corp (TSE:GXO)
2017 EPS Consensus Estimate: $0.24
2018 EPS Consensus Estimate: $0.36
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.04$0.04$0.04
Q2 20171$0.05$0.05$0.05
Q3 20171$0.07$0.07$0.07
Q4 20171$0.08$0.08$0.08
Q1 20181$0.09$0.09$0.09
Q2 20181$0.09$0.09$0.09
Q3 20181$0.09$0.09$0.09
Q4 20181$0.09$0.09$0.09
(Data provided by Zacks Investment Research)

Dividends

Dividend History by Quarter for Granite Oil Corp (TSE GXO)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/17/2017Monthly$0.047/27/20177/31/20178/15/2017
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Granite Oil Corp (TSE:GXO)
Insider Trades by Quarter for Granite Oil Corp (TSE:GXO)
Insider Trades by Quarter for Granite Oil Corp (TSE:GXO)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
7/11/2017Henry Peter HammInsiderBuy2,000C$4.45C$8,900.00
7/10/2017Henry Peter HammInsiderBuy100C$4.45C$445.00
7/7/2017Henry Peter HammInsiderBuy6,700C$4.45C$29,815.00
6/28/2017Gmt Capital CorpDirectorBuy100C$3.39C$339.00
6/27/2017Gmt Capital CorpDirectorBuy1,300C$3.40C$4,420.00
6/26/2017Gmt Capital CorpDirectorBuy300C$3.35C$1,005.00
6/13/2017Tyler KlattInsiderSell4,000C$4.65C$18,600.00
5/18/2017Tyler KlattInsiderBuy500C$5.04C$2,520.00
3/9/2017Michael Lyle KabanukDirectorBuy200C$5.55C$1,110.00
3/2/2017Tyler KlattInsiderBuy1,000C$5.74C$5,740.00
2/27/2017Michael Lyle KabanukDirectorBuy2,000C$5.80C$11,600.00
1/30/2017Bradley Blair PorterDirectorBuy3,200C$5.16C$16,512.00
1/27/2017Bradley Blair PorterDirectorBuy65,000C$5.39C$350,350.00
1/13/2017Gmt Capital CorpDirectorSell22,500C$4.40C$99,000.00
12/8/2016Michael Lyle KabanukDirectorBuy1,000C$5.40C$5,400.00
7/6/2016Henry Peter HammDirectorBuy1,000C$7.66C$7,660.00
7/5/2016Henry Peter HammDirectorBuy200C$7.97C$1,594.00
7/4/2016Henry Peter HammDirectorBuy700C$8.03C$5,621.00
1/21/2016Gmt Capital CorpDirectorSell4,301C$4.89C$21,031.89
12/23/2015Martin James CheyneDirectorSell55,000C$7.21C$396,550.00
12/22/2015Henry Peter HammDirectorBuy55,000C$7.21C$396,550.00
7/20/2015Gmt Capital CorpDirectorBuy5,000C$4.23C$21,150.00
7/17/2015Gmt Capital CorpDirectorBuy2,100C$4.34C$9,114.00
7/16/2015Gmt Capital CorpDirectorBuy1,200C$4.33C$5,196.00
7/16/2015Jonathan FlemingInsiderBuy4,000C$5.55C$22,210.00
7/14/2015Gmt Capital CorpDirectorBuy1,100C$4.29C$4,719.00
7/7/2015Gmt Capital CorpDirectorBuy1,500C$4.87C$7,305.00
7/7/2015Jonathan FlemingInsiderBuy2,000C$6.00C$12,000.00
7/6/2015Gmt Capital CorpDirectorBuy5,500C$4.95C$27,225.00
7/3/2015Gmt Capital CorpDirectorBuy2,800C$5.03C$14,084.00
6/30/2015Gmt Capital CorpDirectorBuy6,600C$5.09C$33,594.00
6/29/2015Gmt Capital CorpDirectorBuy1,700C$5.15C$8,755.00
6/29/2015Tyler KlattInsiderBuy1,400C$6.41C$8,974.00
6/24/2015Gmt Capital CorpDirectorBuy9,800C$5.35C$52,430.00
6/23/2015Gmt Capital CorpDirectorBuy4,700C$5.36C$25,192.00
6/22/2015Gmt Capital CorpDirectorBuy5,400C$6.82C$36,828.00
6/16/2015Gmt Capital CorpDirectorBuy1,100C$5.44C$5,984.00
6/15/2015Gmt Capital CorpDirectorBuy6,400C$5.50C$35,200.00
6/9/2015Gmt Capital CorpDirectorBuy8,400C$5.69C$47,796.00
6/8/2015Gmt Capital CorpDirectorBuy1,000C$5.69C$5,690.00
6/5/2015Gmt Capital CorpDirectorBuy1,000C$5.64C$5,640.00
6/4/2015Gmt Capital CorpDirectorBuy4,900C$5.44C$26,656.00
6/2/2015Gmt Capital CorpDirectorBuy10,600C$5.60C$59,360.00
5/21/2015Brendan Richard CarrigyDirectorBuy1,100C$6.05C$6,655.00
5/21/2015Jonathan FlemingInsiderBuy5,000C$6.49C$32,450.00
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Granite Oil Corp (TSE:GXO)
Latest Headlines for Granite Oil Corp (TSE:GXO)
Source:
DateHeadline
finance.yahoo.com logoGranite 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
americanbankingnews.com logoRoyal Bank Of Canada Lowers Granite Oil Corp (TSE:GXO) Price Target to C$6.00
www.americanbankingnews.com - July 20 at 4:08 PM
americanbankingnews.com logoGranite Oil Corp Declares Monthly Dividend of $0.04 (GXO)
www.americanbankingnews.com - July 18 at 1:17 PM
globenewswire.com logoGranite Oil Corp. Announces Monthly Dividend for July, 2017 - GlobeNewswire (press release)
globenewswire.com - July 15 at 2:08 AM
feeds.benzinga.com logoGranite Oil Corp. Announces Monthly Dividend for July, 2017
feeds.benzinga.com - July 14 at 2:30 PM
americanbankingnews.com logoGranite Oil Corp (GXO) Insider Acquires C$29,815.00 in Stock
www.americanbankingnews.com - July 12 at 5:02 PM
americanbankingnews.com logoGranite Oil Corp (GXO) Insider Tyler Klatt Sells 4,000 Shares
www.americanbankingnews.com - June 14 at 11:10 PM
finance.yahoo.com logoResearch 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
americanbankingnews.com logoCormark Weighs in on Granite Oil Corp's Q3 2017 Earnings (GXO)
www.americanbankingnews.com - May 11 at 9:46 AM
finance.yahoo.com logoGranite Oil Corp. Announces Results of Shareholder Meeting
finance.yahoo.com - May 10 at 10:48 PM
finance.yahoo.com logoGranite Oil Corp. – Value Analysis (TORONTO:GXO) : April 19, 2017
finance.yahoo.com - April 19 at 5:29 PM
finance.yahoo.com logoGranite 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
americanbankingnews.com logoGranite Oil Corp (GXO) Rating Reiterated by Raymond James Financial, Inc.
www.americanbankingnews.com - March 29 at 8:38 AM
americanbankingnews.com logoGranite Oil Corp (GXO) Given a C$10.50 Price Target at Raymond James Financial, Inc.
www.americanbankingnews.com - March 23 at 2:43 PM
finance.yahoo.com logoGranite Oil Corp. Announces Fourth Quarter and Year End 2016 Financial Results and Operations Update
finance.yahoo.com - March 22 at 10:49 PM
americanbankingnews.com logoGranite Oil Corp (GXO) to Release Quarterly Earnings on Monday
www.americanbankingnews.com - March 17 at 9:06 PM
finance.yahoo.com logoEnerCom Dallas Announces Conference Presenters and Agenda
finance.yahoo.com - February 3 at 6:04 PM
seekingalpha.com logoGranite Wash To Rebound On Stronger Natural Gas Prices?
seekingalpha.com - December 8 at 10:55 AM

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Chart

Granite Oil Corp (GXO) Chart for Monday, July, 24, 2017

This page was last updated on 7/24/2017 by MarketBeat.com Staff