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Granite Ridge Resources (GRNT)
NYSE:GRNT
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GRNT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$5.20 - $7.10
Previous Close$6.51
Volume1.09M
Average Volume (3M)388.33K
Market Cap
$828.92M
Enterprise Value$973.16M
Total Cash (Recent Filing)$50.75M
Total Debt (Recent Filing)$195.00M
Price to Earnings (P/E)17.3
Beta0.74
Next Earnings
Apr 01, 2025EPS Estimate
$0.14Next Dividend Ex-Date
Nov 29, 2024Dividend Yield6.94%
Share Statistics
EPS (TTM)0.36
Shares Outstanding130,743,952
10 Day Avg. Volume388,190
30 Day Avg. Volume388,328
Standard Deviation0.10
R-Squared0.08
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)1.28
Price to Sales (P/S)2.10
Price to Cash Flow (P/CF)3.20
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.56
Enterprise Value/Gross Profit3.18
Enterprise Value/Ebitda3.86
Forecast
1Y Price Target
$7.90Price Target Upside21.35% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Granite Ridge Resources News
PremiumCompany Announcements
Granite Ridge Resources Reports Strong Q3 ResultsPremiumCompany Announcements
Granite Ridge Resources Reports Strong Q3 2024 Performance
PremiumCompany Announcements
Granite Ridge Resources Unveils New Investor Presentation
Bulls Say, Bears Say
Bulls Say
Acquisition ActivityDeal flow looks strong with significant acquisition capex increases.
Inventory And Future GrowthGRNT has shown the ability to add inventory that can be a catalyst for future growth.
Production GrowthDevelopment capex raised 9% fueling production growth.
Bears Say
Financial PerformanceNet debt has risen significantly, implying increased leverage.
LiquidityLimited liquidity and Grey Rock’s 50% equity overhang are significant headwinds that we see with no near-term solution and limits upside.
Selling PressureGrey Rock’s Fund II that holds around 10.6 million shares, 8% of shares outstanding, matures in November, adding to the risk of continued selling pressure.
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Ownership Overview
1.86% Insiders
4.46% Mutual Funds
3.45% Other Institutional Investors
82.12% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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GRNT FAQ
What was Granite Ridge Resources’s price range in the past 12 months?
Granite Ridge Resources lowest stock price was $5.20 and its highest was $7.10 in the past 12 months.
What is Granite Ridge Resources’s market cap?
Currently, no data Available
When is Granite Ridge Resources’s upcoming earnings report date?
Granite Ridge Resources’s upcoming earnings report date is Apr 01, 2025 which is in 142 days.
How were Granite Ridge Resources’s earnings last quarter?
Granite Ridge Resources released its earnings results on Nov 07, 2024. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.136 by $0.004.
Is Granite Ridge Resources overvalued?
According to Wall Street analysts Granite Ridge Resources’s price is currently Undervalued.
Does Granite Ridge Resources pay dividends?
Granite Ridge Resources pays a Quarterly dividend of $0.11 which represents an annual dividend yield of 6.94%. See more information on Granite Ridge Resources dividends here
What is Granite Ridge Resources’s EPS estimate?
Granite Ridge Resources’s EPS estimate is $0.14.
How many shares outstanding does Granite Ridge Resources have?
Granite Ridge Resources has 130,743,960 shares outstanding.
What happened to Granite Ridge Resources’s price movement after its last earnings report?
Granite Ridge Resources reported an EPS of $0.14 in its last earnings report, beating expectations of $0.136. Following the earnings report the stock price went up 2.681%.
Which hedge fund is a major shareholder of Granite Ridge Resources?
Among the largest hedge funds holding Granite Ridge Resources’s share is Saba Capital Management. It holds Granite Ridge Resources’s shares valued at 734K.
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Granite Ridge Resources Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$7.90 (21.35% Upside)
$7.90 (21.35% Upside)
Blogger Sentiment
Bullish
GRNT Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 846.9K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $252.1K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 6.3%
Last 30 Days ▼ 9.6%
Last 30 Days ▼ 9.6%
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Negative
20 days / 200 days
Momentum
14.81%
12-Months-Change
Fundamentals
Return on Equity
7.30%
Trailing 12-Months
Asset Growth
12.52%
Trailing 12-Months
Company Description
Granite Ridge Resources
Executive Network Partnering Corp is a blank check company.
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GRNT Earnings Call
Q3 2024
0:00 / 0:00
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GRNT Stock 12 Month Forecast
Average Price Target
$7.90
▲(21.35% Upside)
Technical Analysis
Best Analysts Covering GRNT
1 Year
1 Year Success Rate
3/5 ratings generated profit
1 Year Average Return
+3.04%
assigned a buy rating 3 days ago
Copying John M. White's trades and holding each position for 1 Year would result in 60.00% of your transactions generating a profit, with an average return of +3.04% per trade.
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