Granite Ridge Resources, Inc. (NYSE:GRNT - Free Report) - Research analysts at Capital One Financial increased their Q1 2025 EPS estimates for Granite Ridge Resources in a research note issued to investors on Tuesday, March 25th. Capital One Financial analyst P. Johnston now forecasts that the company will earn $0.18 per share for the quarter, up from their previous estimate of $0.14. 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 $0.17 EPS, Q3 2025 earnings at $0.18 EPS, Q4 2025 earnings at $0.18 EPS and FY2025 earnings at $0.71 EPS.
Separately, Stephens restated an "overweight" rating and set a $8.00 price objective on shares of Granite Ridge Resources in a research note on Friday, March 7th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $7.70.
Check Out Our Latest Analysis on GRNT
Granite Ridge Resources Stock Down 0.6 %
Shares of NYSE GRNT traded down $0.04 during midday trading on Wednesday, reaching $6.20. 339,937 shares of the company's stock were exchanged, 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. Granite Ridge Resources has a 52-week low of $5.27 and a 52-week high of $7.10. The business's fifty day moving average price is $6.08 and its two-hundred day moving average price is $6.20. The stock has a market capitalization of $810.39 million, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.29 and a beta of 0.23.
Institutional Trading of Granite Ridge Resources
Several institutional investors and hedge funds have recently bought and sold shares of GRNT. Victory Capital Management Inc. raised its position in shares of Granite Ridge Resources by 18.0% during the 4th quarter. Victory Capital Management Inc. now owns 17,889 shares of the company's stock valued at $116,000 after acquiring an additional 2,735 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Granite Ridge Resources by 16.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,599 shares of the company's stock worth $127,000 after purchasing an additional 2,759 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Granite Ridge Resources by 5.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,135 shares of the company's stock worth $388,000 after buying an additional 3,272 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of Granite Ridge Resources by 691.0% in the 4th quarter. Quantbot Technologies LP now owns 9,112 shares of the company's stock valued at $59,000 after buying an additional 7,960 shares during the period. Finally, Deutsche Bank AG grew its position in shares of Granite Ridge Resources by 37.5% during the 4th quarter. Deutsche Bank AG now owns 33,212 shares of the company's stock valued at $215,000 after buying an additional 9,055 shares during the last quarter. Institutional investors and hedge funds own 31.56% of the company's stock.
Granite Ridge Resources Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 7.10%. The ex-dividend date was Friday, February 28th. Granite Ridge Resources's dividend payout ratio is currently 314.29%.
Granite Ridge Resources Company Profile
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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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