Research Analysts Offer Predictions for GRNT FY2026 Earnings

Granite Ridge Resources, Inc. (NYSE:GRNT - Free Report) - Equities research analysts at Capital One Financial lifted their FY2026 earnings estimates for Granite Ridge Resources in a research note issued on Tuesday, March 25th. Capital One Financial analyst P. Johnston now expects that the company will earn $0.71 per share for the year, up from their previous estimate of $0.58. 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.

Separately, Stephens reissued 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 analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Granite Ridge Resources presently has an average rating of "Moderate Buy" and an average target price of $7.70.

Granite Ridge Resources Trading Down 0.6 %

Granite Ridge Resources stock traded down $0.04 during trading on Thursday, hitting $6.20. The company's stock had a trading volume of 339,937 shares, compared to its average volume of 467,240. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market capitalization of $810.39 million, a price-to-earnings ratio of 17.21, a P/E/G ratio of 1.29 and a beta of 0.23. The stock's fifty day moving average is $6.08 and its 200 day moving average is $6.20. Granite Ridge Resources has a 1-year low of $5.27 and a 1-year high of $7.10.

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Granite Ridge Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.11 per share. The ex-dividend date was Friday, February 28th. This represents a $0.44 annualized dividend and a yield of 7.10%. Granite Ridge Resources's dividend payout ratio is currently 314.29%.

Institutional Investors Weigh In On Granite Ridge Resources

Large investors have recently made changes to their positions in the business. Quantbot Technologies LP boosted its position in Granite Ridge Resources by 691.0% during the 4th quarter. Quantbot Technologies LP now owns 9,112 shares of the company's stock worth $59,000 after purchasing an additional 7,960 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of Granite Ridge Resources during the fourth quarter worth about $62,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Granite Ridge Resources in the fourth quarter worth about $68,000. One68 Global Capital LLC acquired a new stake in shares of Granite Ridge Resources in the fourth quarter valued at about $71,000. Finally, Belvedere Trading LLC acquired a new stake in shares of Granite Ridge Resources in the fourth quarter valued at about $75,000. Institutional investors and hedge funds own 31.56% of the company's stock.

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.