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Granite Ridge Resources (GRNT)
NYSE:GRNT
RESEARCH TOOLSreports
GRNT Stock Chart & Stats
Day’s Range― - ―
52-Week Range$5.47 - $7.10
Previous CloseN/A
Volume66.87K
Average Volume (3M)318.59K
Market Cap
$767.47M
Enterprise Value$917.88M
Total Cash (Recent Filing)$680.92K
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)16.1
Beta0.64
Next Earnings
Mar 06, 2025EPS Estimate
0.14Last Dividend Ex-Date
Feb 28, 2025Dividend Yield7.5%
Share Statistics
EPS (TTM)0.36
Shares Outstanding130,743,960
10 Day Avg. Volume333,940
30 Day Avg. Volume318,587
Standard Deviation0.10
R-Squared0.09
Alpha-0.02
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)2.17
Price to Cash Flow (P/CF)2.60
P/FCF Ratio0.00
Enterprise Value/Market Cap1.20
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit6.32
Enterprise Value/Ebitda3.62
Forecast
1Y Price Target
$7.60Price Target Upside29.47% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
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Granite Ridge Resources News
PremiumCompany Announcements
Granite Ridge Resources Updates Investors on Strategy
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Bulls Say, Bears Say
Bulls Say
Future Growth PotentialGRNT has shown the ability to add inventory that can be a catalyst for future growth.
Production GrowthDevelopment capex raised 9% fueling production growth.
Strategic ControlGRNT controls the development timing on the prospects as the largest interest owner in these locations.
Bears Say
Acquisition CostsDuring 2Q 2024 GRNT closed multiple transactions, adding 16.4 net future drilling locations for a total acquisition cost of $22.4 million.
Financial PerformanceGRNT reported actual production for 2Q 2024 of 23,106 BOE per day, in line with the consensus estimate of 23,690 BOE per day.
Increased LeverageNet debt has risen significantly, implying increased leverage.
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Ownership Overview
3.13% Insiders
4.85% Mutual Funds
62.03% Other Institutional Investors
21.84% 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 $5.47 and its highest was $7.10 in the past 12 months.
What is Granite Ridge Resources’s market cap?
Granite Ridge Resources’s market cap is $767.47M.
When is Granite Ridge Resources’s upcoming earnings report date?
Granite Ridge Resources’s upcoming earnings report date is Mar 06, 2025 which is in 3 days.
How were Granite Ridge Resources’s earnings last quarter?
Granite Ridge Resources released its earnings results on Nov 07, 2024. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.136 by $0.004.
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 $0.436 which represents an annual dividend yield of 7.5%. 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 $0.14 in its last earnings report, beating expectations of $0.136. Following the earnings report the stock price went up 2.614%.
Which hedge fund is a major shareholder of Granite Ridge Resources?
Currently, no hedge funds are holding shares in GRNT
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Granite Ridge Resources Stock Smart Score
Neutral
1
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3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$7.60 (29.47% Upside)
$7.60 (29.47% Upside)
Blogger Sentiment
Bullish
GRNT Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 39.1K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $387.5K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.7%
Last 30 Days ▲ 1.8%
Last 30 Days ▲ 1.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
2.98%
12-Months-Change
Fundamentals
Return on Equity
7.30%
Trailing 12-Months
Asset Growth
12.52%
Trailing 12-Months
Company Description
Granite Ridge Resources
Executive Network Partnering Corp is a blank check company.
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GRNT Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call revealed strong performance exceeding expectations, significant cost improvements, and strategic growth plans, particularly in the Controlled Capital program. However, there were concerns about declining realized pricing and potential gas production decline.Read More>---
GRNT Stock 12 Month Forecast
Average Price Target
$7.60
▲(29.47% Upside)
Technical Analysis
Best Analysts Covering GRNT
1 Year
1 Year Success Rate
1/6 ratings generated profit
1 Year Average Return
-3.23%
reiterated a buy rating 23 days ago
Copying John M. White's trades and holding each position for 1 Year would result in 16.67% of your transactions generating a profit, with an average return of -3.23% per trade.
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