Wall Street Zen Upgrades Granite Ridge Resources (NYSE:GRNT) to "Strong-Buy"

Key Points

• Wall Street Zen upgraded Granite Ridge Resources to “Strong Buy” from “Buy.” Across analysts, the stock has a “Moderate Buy” consensus rating and an average price target of $11.
• Granite Ridge beat third-quarter earnings and revenue estimates: EPS was $0.17 versus $0.14 expected, while revenue reached $177.21 million against a $156.24 million consensus. The company nevertheless reported a negative 5.56% net margin.
• Company insiders bought 24,000 shares worth about $120,800 in the last quarter, and director Matthew Miller and CFO Ronald Kettler both added to their holdings.

Granite Ridge Resources (NYSE:GRNT - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Saturday, Wall Street Zen reports.

Other analysts have also recently issued reports about the company. Northland Securities set a $11.00 price objective on Granite Ridge Resources in a research report on Tuesday, October 20th. Zacks Research raised Granite Ridge Resources from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 20th. Weiss Ratings reissued a "sell (d+)" rating on shares of Granite Ridge Resources in a report on Wednesday, August 19th. Finally, Freedom Capital raised shares of Granite Ridge Resources from a "hold" rating to a "strong-buy" rating in a report on Sunday, August 16th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Granite Ridge Resources has an average rating of "Moderate Buy" and an average target price of $11.00.

Granite Ridge Resources Stock Up 12.9%

Shares of NYSE:GRNT opened at $5.27 on Friday. The business has a fifty day moving average price of $5.03 and a two-hundred day moving average price of $5.07. Granite Ridge Resources has a 1 year low of $4.18 and a 1 year high of $6.14. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $695.38 million, a PE ratio of -13.18 and a beta of 0.19.

Granite Ridge Resources (NYSE:GRNT - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. The company had revenue of $177.21 million for the quarter, compared to the consensus estimate of $156.24 million. Granite Ridge Resources had a negative net margin of 5.56% and a positive return on equity of 4.67%. Analysts forecast that Granite Ridge Resources will post 0.47 earnings per share for the current year.

Insider Activity

In other news, Director Matthew Miller acquired 10,000 shares of the firm's stock in a transaction that occurred on Friday, September 11th. The stock was acquired at an average cost of $5.03 per share, with a total value of $50,300.00. Following the acquisition, the director owned 1,974,292 shares in the company, valued at approximately $9,930,688.76. This represents a 0.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ronald Kettler purchased 6,000 shares of Granite Ridge Resources stock in a transaction that occurred on Friday, September 4th. The shares were acquired at an average price of $5.05 per share, with a total value of $30,300.00. Following the acquisition, the chief financial officer directly owned 135,276 shares of the company's stock, valued at $683,143.80. This trade represents a 4.64% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 24,000 shares of company stock worth $120,800. Corporate insiders own 8.60% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GRNT. Russell Investments Group Ltd. boosted its stake in shares of Granite Ridge Resources by 145.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 287,706 shares of the company's stock valued at $1,249,000 after purchasing an additional 170,538 shares in the last quarter. R Squared Ltd purchased a new stake in Granite Ridge Resources during the third quarter valued at approximately $102,000. Allspring Global Investments Holdings LLC acquired a new stake in Granite Ridge Resources during the third quarter worth about $46,000. Brighton Jones LLC purchased a new stake in shares of Granite Ridge Resources during the third quarter worth approximately $52,000. Finally, Pictet Asset Management Holding SA purchased a new stake in shares of Granite Ridge Resources during the 3rd quarter valued at about $59,000. 31.56% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Granite Ridge Resources

Here are the key news stories impacting Granite Ridge Resources this week:

• Positive Sentiment: Granite Ridge reported Q3 2026 earnings of $0.17 per share, above analyst estimates, while revenue of $177.21 million also exceeded expectations. Earnings rose from $0.09 per share a year earlier. Zacks Q3 earnings article
• Positive Sentiment: Operational and capital-return news adds support: the company said production grew 9%, added a Permian partner, approved a $35 million share buyback, and declared a quarterly dividend of $0.11 per share. Granite Ridge Q3 results and dividend announcement
• Positive Sentiment: Sell-side brokerages collectively rate GRNT “Moderate Buy,” providing a supportive analyst signal. Brokerage rating article
• Negative Sentiment: The quarter’s reported net margin was negative 5.56%, a profitability concern despite the earnings and revenue beats. Granite Ridge financial results

Granite Ridge Resources Company Profile

Granite Ridge Resources, Inc NYSE: GRNT is an independent oil and natural gas exploration and production company. The company primarily owns interests in upstream properties and focuses on developing and producing crude oil, natural gas and natural gas liquids.

Granite Ridge operates primarily through a non-operated business model, partnering with other exploration and production companies that manage drilling and field operations. Its portfolio includes assets across several major U.S.

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