Research Analysts Issue Forecasts for GRNT Q1 Earnings

Granite Ridge Resources, Inc. (NYSE:GRNT - Free Report) - Equities researchers at Capital One Financial lifted their Q1 2025 earnings per share estimates for shares of Granite Ridge Resources in a research report issued on Thursday, April 24th. Capital One Financial analyst P. Johnston now expects that the company will post earnings per share of $0.20 for the quarter, up from their previous estimate of $0.19. Capital One Financial currently has a "Equal Weight" rating on the stock. The consensus estimate for Granite Ridge Resources' current full-year earnings is $0.52 per share. Capital One Financial also issued estimates for Granite Ridge Resources' Q2 2025 earnings at $0.14 EPS and FY2026 earnings at $0.60 EPS.

Separately, Stephens restated an "overweight" rating and set a $8.00 price objective on shares of Granite Ridge Resources in a research report on Friday, March 7th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Granite Ridge Resources currently has a consensus rating of "Moderate Buy" and an average target price of $7.70.

Granite Ridge Resources Price Performance

Granite Ridge Resources stock traded down $0.17 during trading hours on Friday, hitting $4.77. 75,613 shares of the company traded hands, compared to its average volume of 482,986. The firm has a market cap of $625.51 million, a P/E ratio of 13.25, a P/E/G ratio of 1.29 and a beta of 0.20. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. The firm's 50-day simple moving average is $5.48 and its two-hundred day simple moving average is $6.02. Granite Ridge Resources has a 1-year low of $4.52 and a 1-year high of $7.10.

Granite Ridge Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 9.22%. The ex-dividend date was Friday, February 28th. Granite Ridge Resources's payout ratio is 314.29%.

Institutional Trading of Granite Ridge Resources

Several institutional investors have recently made changes to their positions in GRNT. Grey Rock Energy Management LLC bought a new position in Granite Ridge Resources during the fourth quarter valued at approximately $357,018,000. Hamilton Lane Advisors LLC raised its position in Granite Ridge Resources by 15.5% during the first quarter. Hamilton Lane Advisors LLC now owns 8,480,587 shares of the company's stock valued at $51,562,000 after acquiring an additional 1,139,430 shares in the last quarter. Spider Management Company LLC raised its position in shares of Granite Ridge Resources by 21.4% in the fourth quarter. Spider Management Company LLC now owns 4,951,533 shares of the company's stock valued at $31,987,000 after purchasing an additional 872,282 shares during the period. Vanguard Group Inc. raised its position in shares of Granite Ridge Resources by 11.0% in the fourth quarter. Vanguard Group Inc. now owns 4,234,276 shares of the company's stock valued at $27,353,000 after purchasing an additional 418,059 shares during the period. Finally, Georgetown University raised its position in shares of Granite Ridge Resources by 26.6% in the fourth quarter. Georgetown University now owns 3,325,470 shares of the company's stock valued at $21,483,000 after purchasing an additional 697,823 shares during the period. 31.56% of the stock is currently owned by institutional investors and hedge funds.

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.