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Granite Ridge Resources (GRNT)
NYSE:GRNT
Granite Ridge Resources (GRNT) Stock Price & Analysis
77 Followers
GRNT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$5.02 - $7.65
Previous Close$7.05
Volume63.77K
Average Volume (3M)511.71K
Market Cap
$921.74M
Enterprise Value$970.89M
Total Cash (Recent Filing)$60.86M
Total Debt (Recent Filing)$110.00M
Price to Earnings (P/E)15.5
Beta0.25
Next Earnings
Aug 08, 2024EPS Estimate
$0.14Last Dividend Ex-Date
May 31, 2024Dividend Yield6.48%
Share Statistics
EPS (TTM)0.46
Shares Outstanding130,743,952
10 Day Avg. Volume526,881
30 Day Avg. Volume511,707
Standard Deviation0.11
R-Squared0.10
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)1.17
Price to Sales (P/S)1.99
Price to Cash Flow (P/CF)2.20
P/FCF Ratio10.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.46
Enterprise Value/Gross Profit2.46
Enterprise Value/Ebitda4.78
Forecast
1Y Price Target
$7.93Price Target Upside12.48% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Granite Ridge Resources News
PremiumCompany Announcements
Granite Ridge Resources Unveils New Investor Presentation
PremiumCompany Announcements
Granite Ridge Resources Bolsters Financial Standing with Credit Enhancements
PremiumCompany Announcements
Granite Ridge Prioritizes Transparency with Investor PresentationBulls Say, Bears Say
Bulls Say
Financial PerformanceGRNT's dividend yield is very strong compared to its small cap E&P peer group average.
Production GrowthGRNT presents a compelling investment opportunity due to its established record of production growth.
Strategic ControlThe company has adopted a different tact than peers by pursuing a more active role via partnerships with private operators, which bring a higher level of asset level and strategic control.
Bears Say
Dividend SustainabilityDownside commodity price volatility and any significant step up in funding needs for reinvestment is likely to pressure the market’s view of dividend sustainability.
LiquidityLimited liquidity and Grey Rock’s 50% equity overhang are significant headwinds that we see with no near-term solution and limits upside.
Selling PressureGrey Rock’s Fund II that holds around 10.6 million shares, 8% of shares outstanding, matures in November, adding to the risk of continued selling pressure.
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Ownership Overview
35.32% Insiders
2.15% Mutual Funds
27.13% Other Institutional Investors
35.40% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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GRNT FAQ
What was Granite Ridge Resources’s price range in the past 12 months?
Granite Ridge Resources lowest stock price was $5.02 and its highest was $7.65 in the past 12 months.
What is Granite Ridge Resources’s market cap?
Currently, no data Available
When is Granite Ridge Resources’s upcoming earnings report date?
Granite Ridge Resources’s upcoming earnings report date is Aug 08, 2024 which is in 23 days.
How were Granite Ridge Resources’s earnings last quarter?
Granite Ridge Resources released its earnings results on May 09, 2024. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.105 by $0.015.
Is Granite Ridge Resources overvalued?
According to Wall Street analysts Granite Ridge Resources’s price is currently Undervalued.
Does Granite Ridge Resources pay dividends?
Granite Ridge Resources pays a Quarterly dividend of $0.11 which represents an annual dividend yield of 6.48%. See more information on Granite Ridge Resources dividends here
What is Granite Ridge Resources’s EPS estimate?
Granite Ridge Resources’s EPS estimate is $0.14.
How many shares outstanding does Granite Ridge Resources have?
Granite Ridge Resources has 130,743,960 shares outstanding.
What happened to Granite Ridge Resources’s price movement after its last earnings report?
Granite Ridge Resources reported an EPS of $0.12 in its last earnings report, beating expectations of $0.105. Following the earnings report the stock price went down -3.555%.
Which hedge fund is a major shareholder of Granite Ridge Resources?
Among the largest hedge funds holding Granite Ridge Resources’s share is Woodline Partners LP. It holds Granite Ridge Resources’s shares valued at 6M.
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Granite Ridge Resources Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$7.93 (12.48% Upside)
$7.93 (12.48% Upside)
Blogger Sentiment
Bullish
GRNT Sentiment 100%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Decreased
By 319.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $292.0K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 5.8%
Last 30 Days ▼ 5.1%
Last 30 Days ▼ 5.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
14.20%
12-Months-Change
Fundamentals
Return on Equity
9.15%
Trailing 12-Months
Asset Growth
12.92%
Trailing 12-Months
Company Description
Granite Ridge Resources
Executive Network Partnering Corp is a blank check company.
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GRNT Earnings Call
Q1 2024
0:00 / 0:00
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GRNT Stock 12 Month Forecast
Average Price Target
$7.93
▲(12.48% Upside)
Technical Analysis
Best Analysts Covering GRNT
1 Year
1 Year Success Rate
1/1 ratings generated profit
1 Year Average Return
+23.60%
initiated a buy rating 10 months ago
Copying Michael Scialla's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +23.60% per trade.
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