Granite Ridge Resources (GRNT) Stock Forecast & Price Target

$6.19 +0.57 (+10.14%)

(As of 12/20/2024 05:40 PM ET)

Granite Ridge Resources - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 4 Analyst Ratings

Sell
0

Hold
2

Buy
2

Based on 4 Wall Street analysts who have issued ratings for Granite Ridge Resources in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 4 analysts, 2 have given a hold rating, 1 has given a buy rating, and 1 has given a strong buy rating for GRNT.

Consensus Price Target

$7.60
22.78% Upside

According to the 4 analysts' twelve-month price targets for Granite Ridge Resources, the average price target is $7.60. The highest price target for GRNT is $8.80, while the lowest price target for GRNT is $7.00. The average price target represents a forecasted upside of 22.78% from the current price of $6.19.

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GRNT Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$7.60	$7.60	$7.95	$8.50
Forecasted Upside	22.78% Upside	14.98% Upside	27.61% Upside	36.33% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy

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GRNT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

GRNT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Granite Ridge Resources Stock vs. The Competition

Type	Granite Ridge Resources	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.75	2.63	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	22.78% Upside	1,671.86% Upside	14.54% Upside
News Sentiment Rating	Positive News See Recent GRNT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/30/2024	Evercore ISI 2 of 5 stars		Lower Target	In-Line ➝ In-Line	$8.00 ➝ $7.00	+17.45%
6/14/2024	Bank of America 3 of 5 stars		Reiterated Rating	Neutral	$7.00	+14.38%
5/15/2024	Roth Capital 2 of 5 stars	J. White Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
5/15/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$8.80	+37.39%
9/26/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$8.00	+33.11%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:06 AM ET.

GRNT Forecast - Frequently Asked Questions

: According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Granite Ridge Resources is $7.60, with a high forecast of $8.80 and a low forecast of $7.00.
: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Granite Ridge Resources in the last twelve months. There are currently 2 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GRNT shares.
: According to analysts, Granite Ridge Resources's stock has a predicted upside of 22.78% based on their 12-month stock forecasts.
: Granite Ridge Resources has been rated by research analysts at Evercore ISI in the past 90 days.
: Analysts like Granite Ridge Resources more than other "oils/energy" companies. The consensus rating score for Granite Ridge Resources is 2.75 while the average consensus rating score for "oils/energy" companies is 2.63. Learn more on how GRNT compares to other companies.

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This page (NYSE:GRNT) was last updated on 12/21/2024 by MarketBeat.com Staff

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Granite Ridge Resources (GRNT) Stock Forecast & Price Target