GRNT Q1 EPS Estimate Raised by Capital One Financial

Granite Ridge Resources, Inc. (NYSE:GRNT - Free Report) - Capital One Financial upped their Q1 2025 EPS estimates for Granite Ridge Resources in a research report issued on Monday, November 18th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings of $0.10 per share for the quarter, up from their prior estimate of $0.08. The consensus estimate for Granite Ridge Resources' current full-year earnings is $0.54 per share. Capital One Financial also issued estimates for Granite Ridge Resources' Q2 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.10 EPS, FY2025 earnings at $0.41 EPS and FY2026 earnings at $0.51 EPS.

Separately, Evercore ISI decreased their price target on shares of Granite Ridge Resources from $8.00 to $7.00 and set an "in-line" rating on the stock in a research note on Monday, September 30th.

Granite Ridge Resources Stock Performance

Shares of GRNT stock opened at $6.52 on Thursday. The firm has a market cap of $852.42 million, a PE ratio of 18.11, a P/E/G ratio of 1.72 and a beta of 0.19. Granite Ridge Resources has a 12 month low of $5.20 and a 12 month high of $7.10. The company's fifty day simple moving average is $6.18 and its 200-day simple moving average is $6.33. 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 company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.11 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.44 dividend on an annualized basis and a yield of 6.75%. Granite Ridge Resources's payout ratio is 122.23%.

Insider Buying and Selling

In other news, Director Matthew Reade Miller bought 8,500 shares of the stock in a transaction on Wednesday, September 11th. The shares were bought at an average price of $5.97 per share, with a total value of $50,745.00. Following the completion of the acquisition, the director now owns 692,496 shares in the company, valued at $4,134,201.12. The trade was a 1.24 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Luke C. Brandenberg bought 5,000 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average price of $6.50 per share, with a total value of $32,500.00. Following the transaction, the chief executive officer now directly owns 96,633 shares of the company's stock, valued at $628,114.50. This represents a 5.46 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 24,995 shares of company stock worth $155,419 in the last quarter. 1.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Granite Ridge Resources

A number of large investors have recently bought and sold shares of GRNT. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Granite Ridge Resources by 20.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,876 shares of the company's stock worth $100,000 after purchasing an additional 2,709 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Granite Ridge Resources by 17.2% in the second quarter. Principal Financial Group Inc. now owns 27,072 shares of the company's stock valued at $171,000 after buying an additional 3,980 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Granite Ridge Resources by 14.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 57,615 shares of the company's stock valued at $374,000 after buying an additional 7,304 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Granite Ridge Resources by 52.3% in the second quarter. The Manufacturers Life Insurance Company now owns 23,206 shares of the company's stock valued at $147,000 after buying an additional 7,965 shares in the last quarter. Finally, Sfmg LLC boosted its holdings in Granite Ridge Resources by 5.5% in the second quarter. Sfmg LLC now owns 191,420 shares of the company's stock valued at $1,212,000 after purchasing an additional 9,960 shares during the period. Hedge funds and other institutional investors 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.

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