What is Northland Securities' Forecast for GRNT Q4 Earnings?

Key Points

• Northland Securities raised its Q4 2026 EPS forecast for Granite Ridge Resources to $0.30 from $0.24. It also projects $1.12 EPS for FY2027, including estimates of $0.29, $0.25, and $0.28 for Q2, Q3, and Q4 2027, respectively.
• Granite Ridge reported quarterly EPS of $0.17, beating the $0.14 consensus; revenue of $177.21 million also exceeded estimates of $156.24 million.
• Analyst opinions are mixed, but MarketBeat reports an overall “Moderate Buy” rating and a consensus price target of $11.00.

Granite Ridge Resources, Inc. (NYSE:GRNT - Free Report) - Investment analysts at Northland Securities raised their Q4 2026 earnings estimates for Granite Ridge Resources in a research report issued on Monday, November 9th. Northland Securities analyst J. Grampp now expects that the company will earn $0.30 per share for the quarter, up from their prior forecast of $0.24. The consensus estimate for Granite Ridge Resources' current full-year earnings is $0.47 per share. Northland Securities also issued estimates for Granite Ridge Resources' Q2 2027 earnings at $0.29 EPS, Q3 2027 earnings at $0.25 EPS, Q4 2027 earnings at $0.28 EPS and FY2027 earnings at $1.12 EPS.

Several other research firms have also recently commented on GRNT. Zacks Research raised Granite Ridge Resources from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 20th. Weiss Ratings restated a "sell (d+)" rating on shares of Granite Ridge Resources in a report on Wednesday, August 19th. Freedom Capital raised shares of Granite Ridge Resources from a "hold" rating to a "strong-buy" rating in a research report on Sunday, August 16th. Finally, Wall Street Zen upgraded shares of Granite Ridge Resources from a "buy" rating to a "strong-buy" rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $11.00.

Granite Ridge Resources Stock Performance

Shares of GRNT opened at $5.62 on Tuesday. The company has a market cap of $740.62 million, a price-to-earnings ratio of -14.04 and a beta of 0.19. The business's fifty day simple moving average is $5.04 and its two-hundred day simple moving average is $5.08. Granite Ridge Resources has a 12 month low of $4.18 and a 12 month high of $6.14. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.76.

Granite Ridge Resources (NYSE:GRNT - Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. The company had revenue of $177.21 million during the quarter, compared to analyst estimates of $156.24 million. Granite Ridge Resources had a negative net margin of 5.56% and a positive return on equity of 4.67%.

Institutional Investors Weigh In On Granite Ridge Resources

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in Granite Ridge Resources in the 2nd quarter worth $21,910,000. Dimensional Fund Advisors LP grew its holdings in Granite Ridge Resources by 15.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,306,999 shares of the company's stock valued at $19,414,000 after purchasing an additional 448,066 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Granite Ridge Resources in the first quarter worth about $6,624,000. CWA Asset Management Group LLC increased its position in Granite Ridge Resources by 15.9% in the third quarter. CWA Asset Management Group LLC now owns 1,056,513 shares of the company's stock worth $4,585,000 after buying an additional 144,933 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Granite Ridge Resources by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 949,688 shares of the company's stock worth $5,575,000 after buying an additional 12,089 shares in the last quarter. Institutional investors own 31.56% of the company's stock.

Insider Buying and Selling

In other Granite Ridge Resources news, CFO Ronald Kettler bought 6,000 shares of the business's stock in a transaction that occurred on Friday, September 4th. The stock was bought at an average cost of $5.05 per share, for a total transaction of $30,300.00. Following the completion of the transaction, the chief financial officer owned 135,276 shares of the company's stock, valued at $683,143.80. This represents a 4.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John McCartney bought 5,000 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The shares were acquired at an average price of $5.04 per share, with a total value of $25,200.00. Following the completion of the transaction, the director directly owned 154,143 shares of the company's stock, valued at $776,880.72. This trade represents a 3.35% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have acquired 24,000 shares of company stock valued at $120,800. 8.60% of the stock is owned by insiders.

Granite Ridge Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Friday, November 27th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, November 27th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.8%. Granite Ridge Resources's dividend payout ratio (DPR) is presently -110.00%.

About Granite Ridge Resources

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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