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Granite Ridge Resources ( (GRNT) ) has provided an announcement.
On May 23, 2025, Granite Ridge Resources, Inc. held its Annual Meeting of Stockholders, where shareholders elected Griffin Perry and Amanda Coussens as Class III directors for terms expiring in 2028. Additionally, the shareholders ratified the appointment of Forvis Mazars LLP as the company’s independent registered public accounting firm for the year ending December 31, 2025.
The most recent analyst rating on (GRNT) stock is a Buy with a $8.80 price target. To see the full list of analyst forecasts on Granite Ridge Resources stock, see the GRNT Stock Forecast page.
Spark’s Take on GRNT Stock
According to Spark, TipRanks’ AI Analyst, GRNT is a Neutral.
Granite Ridge Resources’ overall stock score reflects its strong operational performance and cash flow generation, but is tempered by challenges with profitability and high valuation. The technical analysis suggests mixed signals, with possible caution due to overbought indicators. The earnings call provided strong guidance and highlights positive production growth, but market volatility and declining oil prices pose risks. The stock’s high P/E ratio is offset by an attractive dividend yield.
To see Spark’s full report on GRNT stock, click here.
More about Granite Ridge Resources
Average Trading Volume: 504,247
Technical Sentiment Signal: Sell
Current Market Cap: $721.1M
Learn more about GRNT stock on TipRanks’ Stock Analysis page.