NYSE:GRNT Granite Ridge Resources (GRNT) Stock Price, News & Analysis → My system predicted the BA collapse – now it’s issuing an AI warning (From Chaikin Analytics) (Ad) Free GRNT Stock Alerts $6.41 +0.20 (+3.22%) (As of 04:31 PM ET) Add Compare Share Share Today's Range$6.24▼$6.4150-Day Range$5.92▼$6.8752-Week Range$5.07▼$8.14Volume303,297 shsAverage Volume402,102 shsMarket Capitalization$838.04 millionP/E Ratio14.24Dividend Yield6.86%Price Target$8.33 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Granite Ridge Resources alerts: Email Address Granite Ridge Resources MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside30.0% Upside$8.33 Price TargetShort InterestBearish3.08% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment-0.36Based on 8 Articles This WeekInsider TradingAcquiring Shares$57,190 Bought Last QuarterProj. Earnings Growth21.88%From $0.64 to $0.78 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.67 out of 5 starsOils/Energy Sector266th out of 730 stocksCrude Petroleum & Natural Gas Industry112th out of 234 stocks 3.3 Analyst's Opinion Consensus RatingGranite Ridge Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageGranite Ridge Resources has only been the subject of 1 research reports in the past 90 days.Read more about Granite Ridge Resources' stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.08% of the float of Granite Ridge Resources has been sold short.Short Interest Ratio / Days to CoverGranite Ridge Resources has a short interest ratio ("days to cover") of 4.4.Change versus previous monthShort interest in Granite Ridge Resources has recently increased by 5.26%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipGranite Ridge Resources is a leading dividend payer. It pays a dividend yield of 6.94%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGranite Ridge Resources has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Granite Ridge Resources is 97.78%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Granite Ridge Resources will have a dividend payout ratio of 56.41% next year. This indicates that Granite Ridge Resources will be able to sustain or increase its dividend.Read more about Granite Ridge Resources' dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GRNT. Previous Next 0.9 News and Social Media Coverage News SentimentGranite Ridge Resources has a news sentiment score of -0.36. 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 0.51 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Granite Ridge Resources this week, compared to 1 article on an average week.Search InterestOnly 3 people have searched for GRNT on MarketBeat in the last 30 days. This is a decrease of -70% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Granite Ridge Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Granite Ridge Resources insiders have bought more of their company's stock than they have sold. Specifically, they have bought $57,190.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.90% of the stock of Granite Ridge Resources is held by insiders.Percentage Held by InstitutionsOnly 31.56% of the stock of Granite Ridge Resources is held by institutions.Read more about Granite Ridge Resources' insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Granite Ridge Resources are expected to grow by 21.88% in the coming year, from $0.64 to $0.78 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Granite Ridge Resources is 14.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.41.Price to Earnings Ratio vs. SectorThe P/E ratio of Granite Ridge Resources is 14.24, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 14.65.Price to Book Value per Share RatioGranite Ridge Resources has a P/B Ratio of 1.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Granite Ridge Resources' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Banyan Hill PublishingThe Best AI Stock to Own in the World Today is Trading for Just $25“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.See how you can invest alongside him About Granite Ridge Resources Stock (NYSE:GRNT)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.Read More GRNT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GRNT Stock News HeadlinesMay 13 at 5:31 AM | finance.yahoo.comGranite Ridge Resources Inc (GRNT) Q1 2024 Earnings Call Transcript Highlights: Key Financial ...May 10, 2024 | finance.yahoo.comGranite Ridge Resources Inc (GRNT) Q1 2024 Earnings: Aligns with EPS Projections and Misses ...May 9, 2024 | businesswire.comGranite Ridge Resources Inc. Reports First Quarter 2024 ResultsMay 8, 2024 | markets.businessinsider.comWhat Wall Street expects from Granite Ridge Resources's earningsMay 7, 2024 | finance.yahoo.comWith A 12% Return On Equity, Is Granite Ridge Resources, Inc. (NYSE:GRNT) A Quality Stock?April 29, 2024 | msn.comEvercore ISI Group Initiates Coverage of Granite Ridge Resources (GRNT) with In-Line RecommendationApril 19, 2024 | investorplace.com7 Stocks Under $15 Predicted to Boom in the Next 2 YearsApril 16, 2024 | finance.yahoo.comWhile institutions own 25% of Granite Ridge Resources, Inc. (NYSE:GRNT), private equity firms are its largest shareholders with 57% ownershipApril 12, 2024 | businesswire.comGranite Ridge Resources Schedules First Quarter 2024 Earnings Conference CallApril 4, 2024 | msn.comGranite Ridge Resources announces expansion of revolving credit facilityApril 4, 2024 | businesswire.comGranite Ridge Announces Expansion of Revolving Credit FacilityMarch 26, 2024 | finance.yahoo.comCalculating The Intrinsic Value Of Granite Ridge Resources, Inc. (NYSE:GRNT)March 18, 2024 | msn.comTellurian CEO Simões resigns; says sale is possibleMarch 16, 2024 | finance.yahoo.comGRNT Apr 2024 7.500 callMarch 11, 2024 | businesswire.comGranite Ridge Resources, Inc. to Participate in Water Tower Fireside Chat SeriesMarch 10, 2024 | finance.yahoo.comGranite Ridge Resources, Inc (NYSE:GRNT) Q4 2023 Earnings Call TranscriptMarch 8, 2024 | markets.businessinsider.comGranite Ridge Resources earnings: here's what Wall Street expectsMarch 8, 2024 | finance.yahoo.comGranite Ridge Resources Inc (GRNT) Reports Solid Production Growth and Financial Performance ...March 7, 2024 | investorplace.comGRNT Stock Earnings: Granite Ridge Resources Meets EPS, Beats Revenue for Q4 2023March 7, 2024 | benzinga.comRecap: Granite Ridge Resources Q4 EarningsMarch 7, 2024 | businesswire.comGranite Ridge Resources, Inc. Reports Fourth Quarter and Full-Year 2023 Results and Provides Outlook for 2024March 6, 2024 | finance.yahoo.comGranite Ridge Resources Insiders Added US$806.0k Of Stock To Their HoldingsFebruary 23, 2024 | benzinga.comGranite Ridge Resources Stock (NYSE:GRNT), Quotes and News SummaryFebruary 18, 2024 | uk.finance.yahoo.comGranite Ridge Resources (NYSE:GRNT) Is Paying Out A Dividend Of $0.11February 16, 2024 | tmcnet.comGlancy Prongay & Murray LLP Announces Investigation of Granite Ridge Resources, Inc. (GRNT)See More Headlines Receive GRNT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Granite Ridge Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 3/15 Dividend2/29/2024Dividend Payable3/15/2024Last Earnings5/09/2024Today5/14/2024Next Earnings (Estimated)8/08/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorOils/Energy Industry Crude petroleum & natural gas Sub-IndustryN/A Current SymbolNYSE:GRNT CUSIPN/A CIK1928446 Webwww.graniteridge.com Phone214-396-2850FaxN/AEmployees2Year FoundedN/APrice Target and Rating Average Stock Price Target$8.33 High Stock Price Target$9.00 Low Stock Price Target$8.00 Potential Upside/Downside+30.6%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.45 Trailing P/E Ratio14.18 Forward P/E Ratio9.97 P/E GrowthN/ANet Income$81.10 million Net Margins15.43% Pretax Margin26.79% Return on Equity14.44% Return on Assets10.47% Debt Debt-to-Equity Ratio0.16 Current Ratio2.44 Quick Ratio2.44 Sales & Book Value Annual Sales$394.07 million Price / Sales2.12 Cash Flow$2.04 per share Price / Cash Flow3.13 Book Value$5.05 per share Price / Book1.26Miscellaneous Outstanding Shares130,740,000Free Float128,260,000Market Cap$834.12 million OptionableOptionable Beta0.20 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. Luke C. Brandenberg (Age 39)President & CEO Comp: $221.37kMr. Tyler S. Farquharson (Age 42)Chief Financial Officer Comp: $126.62kMs. Kimberly A. Weimer (Age 45)Chief Accounting Officer Mr. Michael G. OttVice President of Corporate Development & Investor RelationsMs. Emily Tubb FuquayCorporate SecretaryKey CompetitorsSilverBow ResourcesNYSE:SBOWVitesse EnergyNYSE:VTSDiversified EnergyNYSE:DECVAALCO EnergyNYSE:EGYRiley Exploration PermianNYSE:REPXView All CompetitorsInsiders & InstitutionsO Shaughnessy Asset Management LLCBought 7,304 shares on 5/13/2024Ownership: 0.044%Vanguard Group Inc.Bought 47,182 shares on 5/10/2024Ownership: 1.291%Crown Advisors Management Inc.Bought 200,000 shares on 5/10/2024Ownership: 0.153%Jupiter Asset Management Ltd.Bought 26,142 shares on 5/10/2024Ownership: 0.029%SG Americas Securities LLCSold 2,783 shares on 5/7/2024Ownership: 0.010%View All Insider TransactionsView All Institutional Transactions GRNT Stock Analysis - Frequently Asked Questions Should I buy or sell Granite Ridge Resources stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Granite Ridge Resources in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GRNT shares. View GRNT analyst ratings or view top-rated stocks. What is Granite Ridge Resources' stock price target for 2024? 3 equities research analysts have issued 12-month price objectives for Granite Ridge Resources' shares. Their GRNT share price targets range from $8.00 to $9.00. On average, they predict the company's share price to reach $8.33 in the next year. This suggests a possible upside of 30.0% from the stock's current price. View analysts price targets for GRNT or view top-rated stocks among Wall Street analysts. How have GRNT shares performed in 2024? Granite Ridge Resources' stock was trading at $6.02 at the beginning of 2024. Since then, GRNT stock has increased by 6.5% and is now trading at $6.41. View the best growth stocks for 2024 here. Are investors shorting Granite Ridge Resources? Granite Ridge Resources saw a increase in short interest in April. As of April 30th, there was short interest totaling 1,600,000 shares, an increase of 5.3% from the April 15th total of 1,520,000 shares. Based on an average daily trading volume, of 364,200 shares, the days-to-cover ratio is currently 4.4 days. Currently, 3.1% of the shares of the stock are sold short. View Granite Ridge Resources' Short Interest. When is Granite Ridge Resources' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 8th 2024. View our GRNT earnings forecast. How were Granite Ridge Resources' earnings last quarter? Granite Ridge Resources, Inc. (NYSE:GRNT) announced its earnings results on Thursday, May, 9th. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.13 by $0.01. The business earned $89 million during the quarter. Granite Ridge Resources had a net margin of 15.43% and a trailing twelve-month return on equity of 14.44%. How often does Granite Ridge Resources pay dividends? What is the dividend yield for Granite Ridge Resources? Granite Ridge Resources announced a quarterly dividend on Thursday, February 15th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.11 per share on Friday, March 15th. This represents a $0.44 annualized dividend and a dividend yield of 6.86%. The ex-dividend date is Thursday, February 29th. Read our dividend analysis for GRNT. Is Granite Ridge Resources a good dividend stock? Granite Ridge Resources (NYSE:GRNT) pays an annual dividend of $0.44 per share and currently has a dividend yield of 6.94%. GRNT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 97.78%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, GRNT will have a dividend payout ratio of 56.41% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for GRNT. What ETFs hold Granite Ridge Resources' stock? ETFs with the largest weight of Granite Ridge Resources (NYSE:GRNT) stock in their portfolio include First Trust Natural Gas ETF (FCG).IQ U.S. Small Cap ETF (CSML). Who are Granite Ridge Resources' major shareholders? Granite Ridge Resources' stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (1.29%), Crown Advisors Management Inc. (0.15%), Swiss National Bank (0.09%), Susquehanna Portfolio Strategies LLC (0.08%), O Shaughnessy Asset Management LLC (0.04%) and Jupiter Asset Management Ltd. (0.03%). Insiders that own company stock include Grep Gp Iii, Llc, Griffin Perry, John Mccartney, Luke C Brandenberg, Matthew Reade Miller, Michele J Everard, Thaddeus Darden and Tyler Farquharson. 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. Compare Top Brokerages Here. This page (NYSE:GRNT) was last updated on 5/14/2024 by MarketBeat.com Staff From Our PartnersRevolutionizing the Green Energy Space and Building Shareholder Value Along the WaySmall Cap SniperDid Intel Just Dethrone Nvidia?Chaikin AnalyticsTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial MetalsAmerica’s worst nightmare?Porter & CompanyElon’s New Device is About to Shock the WorldInvestorPlaceClaim Your Complimentary Bitcoin RewardCrypto Swap ProfitsCharles Payne Demystifies OptionsUnstoppable Prosperity Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Granite Ridge Resources, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
