Granite Oil Corp (TSE:GXO) will announce its earnings results after the market closes on Tuesday, August 8th. Analysts expect the company to announce earnings of $0.05 per share for the quarter.

Granite Oil Corp (TSE:GXO) opened at 4.58 on Friday. The stock’s 50 day moving average price is $4.61 and its 200 day moving average price is $5.22. Granite Oil Corp has a 52 week low of $4.31 and a 52 week high of $7.41. The company’s market capitalization is $154.40 million.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be paid a $0.035 dividend. This represents a $0.42 annualized dividend and a dividend yield of 9.17%. The ex-dividend date is Thursday, July 27th.

In other Granite Oil Corp news, insider Henry Peter Hamm purchased 6,700 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The stock was bought at an average cost of C$4.45 per share, with a total value of C$29,815.00. Insiders have purchased 11,000 shares of company stock valued at $47,444 over the last ninety days.

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Separately, Royal Bank Of Canada decreased their price target on Granite Oil Corp from C$8.00 to C$6.00 in a research report on Thursday, July 20th.

About Granite Oil Corp

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.

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