Capital One Financial Estimates GRNT Q1 Earnings

Granite Ridge Resources, Inc. (NYSE:GRNT - Free Report) - Research analysts at Capital One Financial lifted their Q1 2025 earnings per share (EPS) estimates for shares of Granite Ridge Resources in a research report issued to clients and investors on Wednesday, January 8th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings per share of $0.14 for the quarter, up from their prior estimate of $0.10. 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 $0.15 EPS, Q3 2025 earnings at $0.15 EPS, Q4 2025 earnings at $0.15 EPS and FY2026 earnings at $0.63 EPS.

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

Granite Ridge Resources Trading Up 0.7 %

Shares of Granite Ridge Resources stock traded up $0.05 during trading on Friday, hitting $6.86. The stock had a trading volume of 679,809 shares, compared to its average volume of 505,335. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $896.88 million, a PE ratio of 19.06, a P/E/G ratio of 1.61 and a beta of 0.23. Granite Ridge Resources has a 1 year low of $5.20 and a 1 year high of $7.10. The stock has a 50 day simple moving average of $6.33 and a 200 day simple moving average of $6.32.

Granite Ridge Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date of this dividend was Friday, November 29th. Granite Ridge Resources's dividend payout ratio (DPR) is 122.23%.

Insider Buying and Selling

In other news, Director Matthew Reade Miller purchased 18,173 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average price of $6.49 per share, with a total value of $117,942.77. Following the purchase, the director now owns 711,164 shares in the company, valued at $4,615,454.36. This represents a 2.62 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tyler Farquharson acquired 5,000 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The shares were acquired at an average cost of $6.55 per share, for a total transaction of $32,750.00. Following the transaction, the chief financial officer now owns 86,723 shares of the company's stock, valued at approximately $568,035.65. This represents a 6.12 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 83,174 shares of company stock worth $520,493. 1.90% of the stock is owned by company insiders.

Institutional Trading of Granite Ridge Resources

Large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its holdings in Granite Ridge Resources by 50.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 424,593 shares of the company's stock worth $2,522,000 after purchasing an additional 141,634 shares in the last quarter. Denali Advisors LLC bought a new stake in shares of Granite Ridge Resources during the 2nd quarter worth about $802,000. Geode Capital Management LLC increased its holdings in shares of Granite Ridge Resources by 35.1% during the 3rd 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. Janus Henderson Group PLC raised its stake in shares of Granite Ridge Resources by 40.0% in the 3rd quarter. Janus Henderson Group PLC now owns 76,549 shares of the company's stock valued at $455,000 after acquiring an additional 21,852 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Granite Ridge Resources by 306.9% in the 3rd quarter. Barclays PLC now owns 81,092 shares of the company's stock worth $482,000 after purchasing an additional 61,162 shares during the last quarter. 31.56% of the stock is owned by 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.