Granite Ridge Resources (NYSE:GRNT - Get Free Report) will likely be issuing its Q1 2025 quarterly earnings data after the market closes on Thursday, May 8th. Analysts expect Granite Ridge Resources to post earnings of $0.19 per share and revenue of $115.30 million for the quarter.
Granite Ridge Resources Trading Up 0.9 %
Shares of NYSE:GRNT traded up $0.05 during mid-day trading on Tuesday, hitting $4.96. The company had a trading volume of 58,338 shares, compared to its average volume of 490,189. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 1.56. Granite Ridge Resources has a one year low of $4.52 and a one year high of $7.10. The firm has a fifty day moving average price of $5.39 and a 200 day moving average price of $5.99. The company has a market capitalization of $649.77 million, a PE ratio of 13.77, a price-to-earnings-growth ratio of 1.29 and a beta of 0.23.
Granite Ridge Resources Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.44 annualized dividend and a dividend yield of 8.88%. Granite Ridge Resources's dividend payout ratio is currently 314.29%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on GRNT shares. Capital One Financial downgraded Granite Ridge Resources from an "overweight" rating to an "equal weight" rating in a research note on Friday, February 21st. Stephens reiterated an "overweight" rating and issued a $8.00 target price on shares of Granite Ridge Resources in a report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Granite Ridge Resources presently has an average rating of "Moderate Buy" and a consensus price target of $7.70.
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About Granite Ridge Resources
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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.
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