Granite Ridge Resources (GRNT) Projected to Post Earnings on Thursday

Granite Ridge Resources (NYSE:GRNT - Get Free Report) will likely be releasing its Q2 2025 earnings data after the market closes on Thursday, August 7th. Analysts expect Granite Ridge Resources to post earnings of $0.16 per share and revenue of $109.69 million for the quarter.

Granite Ridge Resources (NYSE:GRNT - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. The company had revenue of $122.93 million for the quarter, compared to the consensus estimate of $115.30 million. Granite Ridge Resources had a return on equity of 13.46% and a net margin of 2.98%. 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 stock were exchanged, compared to its average volume of 545,443. The firm has a 50 day simple moving average of $5.81 and a 200 day simple moving average of $5.73. The firm has a market cap of $639.91 million, a price-to-earnings ratio of 54.23, a P/E/G ratio of 0.65 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. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.20.

Granite Ridge Resources Dividend Announcement

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

Analyst Ratings Changes

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

Insider Buying and Selling at Granite Ridge Resources

In related news, CEO Luke C. Brandenberg bought 6,100 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were acquired at an average price of $5.80 per share, with a total value of $35,380.00. Following the transaction, the chief executive officer owned 157,267 shares of the company's stock, valued at $912,148.60. The trade was a 4.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Matthew Reade Miller bought 17,000 shares of the company's stock in a transaction on Monday, June 16th. The shares were bought at an average cost of $5.98 per share, for a total transaction of $101,660.00. Following the transaction, the director directly owned 1,261,877 shares in the company, valued at approximately $7,546,024.46. This represents a 1.37% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 46,896 shares of company stock worth $270,002 in the last ninety days. Insiders own 8.50% of the company's stock.

Institutional Trading of Granite Ridge Resources

A hedge fund recently bought a new stake in Granite Ridge Resources stock. Great Lakes Advisors LLC acquired a new position in Granite Ridge Resources, Inc. (NYSE:GRNT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,543 shares of the company's stock, valued at approximately $113,000. 31.56% of the stock is currently owned by hedge funds and other institutional investors.

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.