Capital One Financial Predicts GRNT FY2026 Earnings

Key Points

• Capital One Financial has raised its FY2026 earnings per share (EPS) estimate for Granite Ridge Resources to $0.66, up from a previous estimate of $0.65, while the consensus estimate is currently $0.52.
• Granite Ridge Resources recently experienced a downgrade from a "buy" to a "hold" rating by Wall Street Zen.
• The company announced a quarterly dividend of $0.11 per share, resulting in an annualized dividend yield of 8.0%, despite a high dividend payout ratio of 183.33%.

Granite Ridge Resources, Inc. (NYSE:GRNT - Free Report) - Equities research analysts at Capital One Financial increased their FY2026 EPS estimates for Granite Ridge Resources in a research note issued to investors on Monday, August 11th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings per share of $0.66 for the year, up from their previous estimate of $0.65. The consensus estimate for Granite Ridge Resources' current full-year earnings is $0.52 per share.

Separately, Wall Street Zen downgraded shares of Granite Ridge Resources from a "buy" rating to a "hold" rating in a report on Saturday, July 12th.

Granite Ridge Resources Stock Performance

Shares of NYSE GRNT opened at $5.50 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market cap of $721.35 million, a P/E ratio of 23.00, a P/E/G ratio of 0.73 and a beta of 0.34. The firm's fifty day moving average is $5.72 and its two-hundred day moving average is $5.65. Granite Ridge Resources has a 52-week low of $4.52 and a 52-week high of $7.00.

Granite Ridge Resources (NYSE:GRNT - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). Granite Ridge Resources had a net margin of 7.47% and a return on equity of 13.09%. The firm had revenue of $109.22 million for the quarter, compared to analysts' expectations of $109.69 million.

Granite Ridge Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a $0.11 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.44 annualized dividend and a dividend yield of 8.0%. Granite Ridge Resources's dividend payout ratio (DPR) is 183.33%.

Insider Activity

In other news, CEO Luke C. Brandenberg bought 6,100 shares of Granite Ridge Resources stock in a transaction on Wednesday, June 4th. The shares were bought at an average cost of $5.80 per share, with a total value of $35,380.00. Following the completion of the purchase, the chief executive officer directly owned 157,267 shares of the company's stock, valued at approximately $912,148.60. This trade represents a 4.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew Reade Miller bought 17,000 shares of Granite Ridge Resources stock in a transaction on Monday, June 16th. The shares were purchased at an average cost of $5.98 per share, for a total transaction of $101,660.00. Following the completion of the purchase, the director directly owned 1,261,877 shares of the company's stock, valued at $7,546,024.46. This trade represents a 1.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 46,896 shares of company stock worth $270,002. Company insiders own 8.50% of the company's stock.

Institutional Investors Weigh In On Granite Ridge Resources

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd increased its stake in Granite Ridge Resources by 6.0% during the 2nd quarter. XTX Topco Ltd now owns 36,850 shares of the company's stock worth $235,000 after buying an additional 2,095 shares during the period. SummerHaven Investment Management LLC grew its holdings in Granite Ridge Resources by 2.0% during the 1st quarter. SummerHaven Investment Management LLC now owns 120,044 shares of the company's stock worth $730,000 after acquiring an additional 2,322 shares in the last quarter. Invesco Ltd. grew its holdings in Granite Ridge Resources by 3.1% during the 1st quarter. Invesco Ltd. now owns 78,212 shares of the company's stock worth $476,000 after acquiring an additional 2,344 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Granite Ridge Resources by 16.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,599 shares of the company's stock worth $127,000 after acquiring an additional 2,759 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Granite Ridge Resources by 5.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,135 shares of the company's stock worth $388,000 after acquiring an additional 3,272 shares in the last quarter. 31.56% of the stock is owned by hedge funds and other institutional investors.

Granite Ridge Resources Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.