Granite Ridge Resources (GRNT) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $6.16 to $6.34
• 50-Day Range: $5.62 to $6.90
• 52-Week Range: $5.29 to $7.10
• Volume: 270,356 shs
• Average Volume: 414,794 shs
• Market Capitalization: $809.28 million
• P/E Ratio: 17.19
• Dividend Yield: 7.11%
• Price Target: $7.60
• Consensus Rating: Moderate Buy

Granite Ridge Resources Stock Analysis - MarketRank™

Granite Ridge Resources scored higher than 65% of companies evaluated by MarketBeat, and ranked 133rd out of 274 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Granite Ridge Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Granite Ridge Resources has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 23.08%

Earnings Growth

Earnings for Granite Ridge Resources are expected to grow by 23.08% in the coming year, from $0.52 to $0.64 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Granite Ridge Resources is 17.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 102.96.

Price to Earnings Ratio vs. Sector

The P/E ratio of Granite Ridge Resources is 17.19, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 11.47.

Price to Earnings Growth Ratio

Granite Ridge Resources has a PEG Ratio of 1.39. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Granite Ridge Resources has a P/B Ratio of 1.23. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

6.67% of the float of Granite Ridge Resources has been sold short.

Short Interest Ratio / Days to Cover

Granite Ridge Resources has a short interest ratio ("days to cover") of 6.3.

Change versus previous month

Short interest in Granite Ridge Resources has recently decreased by 7.97%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Granite Ridge Resources is a leading dividend payer. It pays a dividend yield of 7.03%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Granite Ridge Resources does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Granite Ridge Resources is 122.23%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Granite Ridge Resources will have a dividend payout ratio of 68.75% next year. This indicates that Granite Ridge Resources will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

6.67% of the float of Granite Ridge Resources has been sold short.

Short Interest Ratio / Days to Cover

Granite Ridge Resources has a short interest ratio ("days to cover") of 6.3.

Change versus previous month

Short interest in Granite Ridge Resources has recently decreased by 7.97%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: N/A

News Sentiment

Granite Ridge Resources has a news sentiment score of -0.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.73 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Granite Ridge Resources this week, compared to 2 articles on an average week.

Search Interest

Only 4 people have searched for GRNT on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Granite Ridge Resources insiders have bought more of their company's stock than they have sold. Specifically, they have bought $520,493.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 1.90% of the stock of Granite Ridge Resources is held by insiders.

Percentage Held by Institutions

Only 31.56% of the stock of Granite Ridge Resources is held by institutions.

GRNT Stock Analysis - Frequently Asked Questions

How have GRNT shares performed this year?

Granite Ridge Resources' stock was trading at $6.46 on January 1st, 2025. Since then, GRNT stock has decreased by 4.2% and is now trading at $6.19.
View the best growth stocks for 2025 here.

How were Granite Ridge Resources' earnings last quarter?

Granite Ridge Resources, Inc. (NYSE:GRNT) released its quarterly earnings results on Thursday, November, 7th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. The company earned $94.08 million during the quarter, compared to analysts' expectations of $96.35 million. Granite Ridge Resources had a trailing twelve-month return on equity of 11.58% and a net margin of 12.59%.

Who are Granite Ridge Resources' major shareholders?

Granite Ridge Resources' top institutional investors include Hamilton Lane Advisors LLC (5.61%), Spider Management Company LLC (3.79%), CWA Asset Management Group LLC (0.10%) and SG Americas Securities LLC (0.02%). Insiders that own company stock include Grep Gp Iii, Llc, Matthew Reade Miller, Griffin Perry, Thaddeus Darden, Luke C Brandenberg, Tyler Farquharson, John Mccartney and Michele J Everard.
View institutional ownership trends.

How do I buy shares of Granite Ridge Resources?

Shares of GRNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Granite Ridge Resources own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Granite Ridge Resources investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), ServiceNow (NOW) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 11/07/2024
• Ex-Dividend for 12/16 Dividend: 11/29/2024
• Dividend Payable: 12/16/2024
• Today: 2/01/2025
• Next Earnings (Estimated): 3/06/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:GRNT
• CUSIP: N/A
• CIK: 1928446
• Web: www.graniteridge.com
• Phone: 214-396-2850
• Fax: N/A
• Employees: 1
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $7.60
• High Stock Price Target: $8.80
• Low Stock Price Target: $7.00
• Potential Upside/Downside: +22.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.36
• Trailing P/E Ratio: 17.19
• Forward P/E Ratio: 11.90
• P/E Growth: 1.39
• Net Income: $81.10 million
• Net Margins: 12.59%
• Pretax Margin: 16.60%
• Return on Equity: 11.58%
• Return on Assets: 7.89%

Debt

• Debt-to-Equity Ratio: 0.30
• Current Ratio: 1.56
• Quick Ratio: 1.56

Sales & Book Value

• Annual Sales: $380.52 million
• Price / Sales: 2.13
• Cash Flow: $2.00 per share
• Price / Cash Flow: 3.10
• Book Value: $5.05 per share
• Price / Book: 1.23

Miscellaneous

• Outstanding Shares: 130,744,000
• Free Float: 128,260,000
• Market Cap: $809.31 million
• Optionable: Optionable
• Beta: 0.23