Capital One Financial Predicts GRNT FY2026 Earnings

Key Points

• Capital One Financial has decreased its FY2026 earnings per share (EPS) estimate for Granite Ridge Resources from $0.66 to $0.56, while the consensus estimate is currently $0.52.
• The company reported quarterly earnings of $0.11 per share, missing expectations of $0.13, and its revenue was also slightly below analyst projections.
• Granite Ridge recently declared a quarterly dividend of $0.11 per share, with a yield of 7.9%, despite a high dividend payout ratio of 183.33%.

Granite Ridge Resources, Inc. (NYSE:GRNT - Free Report) - Equities researchers at Capital One Financial dropped their FY2026 earnings per share (EPS) estimates for shares of Granite Ridge Resources in a report released on Wednesday, August 27th. Capital One Financial analyst P. Johnston now expects that the company will post earnings per share of $0.56 for the year, down from their prior forecast of $0.66. The consensus estimate for Granite Ridge Resources' current full-year earnings is $0.52 per share.

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

Separately, Wall Street Zen lowered Granite Ridge Resources from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $7.50.

Granite Ridge Resources Stock Performance

Shares of NYSE GRNT traded up $0.07 during trading on Monday, reaching $5.63. 723,126 shares of the company traded hands, compared to its average volume of 593,661. The firm's fifty day simple moving average is $5.56 and its 200 day simple moving average is $5.58. The stock has a market cap of $738.54 million, a P/E ratio of 8.69, a PEG ratio of 0.79 and a beta of 0.35. Granite Ridge Resources has a 12-month low of $4.52 and a 12-month high of $7.00. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.43.

Granite Ridge Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Friday, August 29th. Granite Ridge Resources's payout ratio is currently 183.33%.

Insider Activity at Granite Ridge Resources

In other Granite Ridge Resources news, Director Matthew Reade Miller purchased 17,000 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was purchased at an average price of $5.98 per share, for a total transaction of $101,660.00. Following the purchase, the director directly owned 1,261,877 shares in the company, valued at approximately $7,546,024.46. This trade represents a 1.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Luke C. Brandenberg purchased 6,100 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was acquired at an average price of $5.80 per share, with a total value of $35,380.00. Following the purchase, the chief executive officer owned 157,267 shares in the company, valued at $912,148.60. This represents a 4.04% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 37,618 shares of company stock worth $214,225 in the last 90 days. Corporate insiders own 8.50% of the company's stock.

Institutional Investors Weigh In On Granite Ridge Resources

Large investors have recently bought and sold shares of the company. Hamilton Lane Advisors LLC lifted its position in shares of Granite Ridge Resources by 15.5% in 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. Bank of America Corp DE lifted its holdings in Granite Ridge Resources by 5,859.1% in the 2nd quarter. Bank of America Corp DE now owns 4,525,525 shares of the company's stock valued at $28,828,000 after purchasing an additional 4,449,582 shares in the last quarter. Georgetown University boosted its stake in Granite Ridge Resources by 26.6% during the 4th quarter. Georgetown University now owns 3,325,470 shares of the company's stock worth $21,483,000 after purchasing an additional 697,823 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Granite Ridge Resources by 4.8% during the second quarter. American Century Companies Inc. now owns 2,358,039 shares of the company's stock worth $15,021,000 after buying an additional 108,049 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Granite Ridge Resources by 45.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,460,485 shares of the company's stock worth $9,432,000 after buying an additional 454,071 shares in the last quarter. 31.56% of the stock is currently 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.