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Granite Ridge Resources (GRNT) Stock Forecast & Price Target

Granite Ridge Resources logo
$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

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

TypeCurrent Forecast
12/23/23 to 12/22/24
1 Month Ago
11/23/23 to 11/22/24
3 Months Ago
9/24/23 to 9/23/24
1 Year Ago
12/23/22 to 12/23/23
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 Upside22.78% Upside12.09% Upside27.20% Upside36.22% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Buy

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.
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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.
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Granite Ridge Resources Stock vs. The Competition

TypeGranite Ridge ResourcesOils/Energy CompaniesS&P 500
Consensus Rating Score
2.75
2.63
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside22.78% Upside1,671.86% Upside14.52% Upside
News Sentiment Rating
Positive News

See Recent GRNT News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
9/30/2024Evercore ISI
2 of 5 stars
 Lower TargetIn-Line ➝ In-Line$8.00 ➝ $7.00+17.45%
6/14/2024Bank of America
3 of 5 stars
 Reiterated RatingNeutral$7.00+14.38%
5/15/2024Roth Capital
2 of 5 stars
J. White
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeStrong-Buy
5/15/2024Roth Mkm
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageBuy$8.80+37.39%
9/26/2023Stephens
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageOverweight$8.00+33.11%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 03:54 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 equities research 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 equities research 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.


This page (NYSE:GRNT) was last updated on 12/22/2024 by MarketBeat.com Staff
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