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Granite Ridge Resources initiated with a Buy at Roth MKM

Granite Ridge Resources initiated with a Buy at Roth MKM

Roth MKM initiated coverage of Granite Ridge Resources with a Buy rating and $8.80 price target. The firm believes Granite presents a “compelling investment opportunity” for its established record of production growth, favorable reserve replacement costs, large inventory of undrilled locations, “strong and well-covered” dividend and low leverage.

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