$0.06 EPS Expected for Granite Oil Corp (GXO)

October 16, 2017 - By Hazel Jackson

Wall Street await Granite Oil Corp (TSE:GXO) to release earnings on November, 8. Analysts forecast EPS of $0.06, up exactly $0.03 or 100.00 % from 2014’s $0.03 EPS. The expected T_GXO’s profit could reach $2.05 million giving the stock 14.17 P/E in the case that $0.06 earnings per share is reported. The stock increased 5.26% or $0.17 on October 13, reaching $3.4. About 315,802 shares traded or 222.70% up from the average. Granite Oil Corp (TSE:GXO) has 0.00% since October 16, 2016 and is . It has underperformed by 16.70% the S&P500.

Granite Oil Corp (TSE:GXO) Ratings Coverage

Among 5 analysts covering Granite Oil (TSE:GXO), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Granite Oil had 22 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Strong Buy” rating given on Wednesday, January 25 by Raymond James. The company was maintained on Thursday, March 23 by Raymond James.

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 market cap of $116.25 million. The Firm is engaged in the exploration for and exploitation, development and production of oil and natural gas. It has a 48.92 P/E ratio. The Company’s Alberta Bakken Properties are located in southern Alberta, approximately 70 kilometers south of Lethbridge.

More notable recent Granite Oil Corp (TSE:GXO) news were published by: Seekingalpha.com which released: “Granite Oil Has 1 Big Hurdle Left” on January 27, 2017, also Globenewswire.com with their article: “Granite Oil Corp. Announces Monthly Dividend for October, 2017” published on October 12, 2017, Seekingalpha.com published: “Granite Oil (GXOCF)” on May 31, 2016. More interesting news about Granite Oil Corp (TSE:GXO) were released by: Seekingalpha.com and their article: “8% Granite Oil: Management Still Guiding Towards Slow Growth” published on May 11, 2017 as well as Seekingalpha.com‘s news article titled: “Will Granite Oil Have To Cut The Dividend?” with publication date: August 11, 2017.

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