Q1 EPS Estimates for GRNT Lifted by Capital One Financial

Granite Ridge Resources, Inc. (NYSE:GRNT - Free Report) - Investment analysts at Capital One Financial upped their Q1 2025 earnings estimates for Granite Ridge Resources in a research report issued on Thursday, April 24th. Capital One Financial analyst P. Johnston now expects that the company will post earnings per share of $0.20 for the quarter, up from their previous forecast of $0.19. Capital One Financial currently has a "Equal Weight" rating on the stock. The consensus estimate for Granite Ridge Resources' current full-year earnings is $0.52 per share. Capital One Financial also issued estimates for Granite Ridge Resources' Q2 2025 earnings at $0.14 EPS and FY2026 earnings at $0.60 EPS.

Separately, Stephens reiterated an "overweight" rating and issued a $8.00 target price on shares of Granite Ridge Resources in a research report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $7.70.

Granite Ridge Resources Price Performance

Shares of NYSE GRNT traded up $0.06 during trading on Friday, hitting $5.00. The company had a trading volume of 293,515 shares, compared to its average volume of 491,862. The stock has a fifty day simple moving average of $5.51 and a two-hundred day simple moving average of $6.03. Granite Ridge Resources has a fifty-two week low of $4.52 and a fifty-two week high of $7.10. The firm has a market capitalization of $655.68 million, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 1.29 and a beta of 0.20. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.30.

Granite Ridge Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 8.80%. The ex-dividend date was Friday, February 28th. Granite Ridge Resources's dividend payout ratio is currently 314.29%.

Hedge Funds Weigh In On Granite Ridge Resources

Hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC lifted its stake in shares of Granite Ridge Resources by 306.9% in the third quarter. Barclays PLC now owns 81,092 shares of the company's stock worth $482,000 after buying an additional 61,162 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Granite Ridge Resources by 35.1% in the third quarter. Geode Capital Management LLC now owns 1,221,579 shares of the company's stock valued at $7,258,000 after acquiring an additional 317,303 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Granite Ridge Resources in the fourth quarter worth approximately $870,000. Grey Rock Energy Management LLC purchased a new position in Granite Ridge Resources in the fourth quarter worth approximately $357,018,000. Finally, Spider Management Company LLC grew its position in Granite Ridge Resources by 21.4% in the fourth quarter. Spider Management Company LLC now owns 4,951,533 shares of the company's stock worth $31,987,000 after acquiring an additional 872,282 shares during the period. 31.56% of the stock is owned by hedge funds and other institutional investors.

Granite Ridge Resources Company Profile

Granite Ridge Resources, Inc operates as a non-operated oil and gas exploration and production company. It owns a portfolio of wells and acreage across the Permian and other unconventional basins in the United States. Granite Ridge Resources, Inc is based in Dallas, Texas.