Granite Ridge Resources (GRNT) to Release Quarterly Earnings on Thursday

Granite Ridge Resources (NYSE:GRNT - Get Free Report) is projected to issue its Q2 2025 quarterly earnings data after the market closes on Thursday, August 7th. Analysts expect the company to announce earnings of $0.16 per share and revenue of $109.69 million for the quarter.

Granite Ridge Resources (NYSE:GRNT - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. Granite Ridge Resources had a return on equity of 13.46% and a net margin of 2.98%. The company had revenue of $122.93 million during the quarter, compared to analyst estimates of $115.30 million. On average, analysts expect Granite Ridge Resources to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Granite Ridge Resources Trading Down 6.0%

GRNT traded down $0.31 during trading on Friday, hitting $4.88. 743,996 shares of the company's stock were exchanged, compared to its average volume of 545,443. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. The stock has a 50 day moving average price of $5.81 and a 200 day moving average price of $5.74. The firm has a market cap of $639.91 million, a P/E ratio of 54.23, a price-to-earnings-growth ratio of 0.69 and a beta of 0.34. Granite Ridge Resources has a 1 year low of $4.52 and a 1 year high of $7.00.

Granite Ridge Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.11 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.44 annualized dividend and a yield of 9.0%. Granite Ridge Resources's dividend payout ratio is presently 488.89%.

Insiders Place Their Bets

In related news, Director Matthew Reade Miller acquired 17,000 shares of the business's stock in a transaction dated Monday, June 16th. The stock was bought at an average price of $5.98 per share, with a total value of $101,660.00. Following the acquisition, the director owned 1,261,877 shares in the company, valued at $7,546,024.46. This represents a 1.37% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Luke C. Brandenberg purchased 18,252 shares of the business's stock in a transaction on Thursday, May 15th. The shares were acquired at an average cost of $5.55 per share, with a total value of $101,298.60. Following the acquisition, the chief executive officer directly owned 151,167 shares in the company, valued at approximately $838,976.85. The trade was a 13.73% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 46,896 shares of company stock valued at $270,002. Company insiders own 8.50% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Granite Ridge Resources stock. Great Lakes Advisors LLC purchased a new stake in Granite Ridge Resources, Inc. (NYSE:GRNT - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 18,543 shares of the company's stock, valued at approximately $113,000. Institutional investors and hedge funds own 31.56% of the company's stock.

Wall Street Analysts Forecast Growth

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

About Granite Ridge Resources

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.