Granite Ridge Resources (GRNT) Stock Price, News & Analysis

Company Overview

Granite Ridge Resources, Inc. is an independent energy company focused on acquiring, developing and managing oil and natural gas properties in the United States. The company primarily holds non-operated interests, allowing it to participate in a broad portfolio of wells while relying on third-party operators to conduct drilling and production activities.

Granite Ridge’s asset portfolio is concentrated in major U.S. onshore oil and gas regions, including the Permian Basin and other established producing areas. Its interests may include mineral, royalty, overriding royalty, working and leasehold interests, providing exposure to the production of crude oil, natural gas and natural gas liquids.

The company became a publicly traded entity in 2022 through a business combination involving Granite Ridge Holdings and Executive Network Partnering Corporation. Granite Ridge is headquartered in Dallas, Texas, and is led by President and Chief Executive Officer Luke Brandenberg.

Key Stats

• Today's Range: $4.35 to $4.53
• 50-Day Range: $4.28 to $5.33
• 52-Week Range: $4.18 to $6.14
• Volume: 1.22 million shs
• Average Volume: 1.47 million shs
• Market Capitalization: $588.93 million
• P/E Ratio: N/A
• Dividend Yield: 9.85%
• Price Target: $10.00
• Consensus Rating: Moderate Buy

Granite Ridge Resources Stock Analysis - MarketRank™

Granite Ridge Resources scored higher than 99% of companies evaluated by MarketBeat, and ranked 6th out of 248 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.1 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Granite Ridge Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 1 strong buy rating, 2 buy ratings, 1 hold rating, and 1 sell rating.

Upside Potential

Granite Ridge Resources has a consensus price target of $10.00, representing about 124.0% upside from its current price of $4.47.

Amount of Analyst Coverage

Granite Ridge Resources has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 93.02%

Earnings Growth

Earnings for Granite Ridge Resources are expected to grow by 93.02% in the coming year, from $0.43 to $0.83 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Granite Ridge Resources is -21.26, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Granite Ridge Resources is -21.26, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Granite Ridge Resources has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.94% of the float of Granite Ridge Resources has been sold short.

Short Interest Ratio / Days to Cover

Granite Ridge Resources has a short interest ratio ("days to cover") of 2.95, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Granite Ridge Resources has recently increased by 17.73%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Granite Ridge Resources is a leading dividend payer. It pays a dividend yield of 9.84%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Granite Ridge Resources does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Granite Ridge Resources will have a dividend payout ratio of 53.01% next year. This indicates that Granite Ridge Resources will be able to sustain or increase its dividend.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: N/A

News Sentiment

Granite Ridge Resources has a news sentiment score of 0.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Energy companies.

Search Interest

Only 4 people have searched for GRNT on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

MarketBeat Follows

3 people have added Granite Ridge Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 4.3 / 5
• Insider Trading: Acquiring Shares

Cluster Insider Buying

4 insiders have purchased shares of Granite Ridge Resources in the last three months. Multiple insiders buying is a strong bullish signal.

Net Insider Buying

Over the last three months, insiders have purchased a net $120,800.00 in company stock, which represents 0.0205% of the company's market cap.

Insider Buying vs. Insider Selling

In the past three months, Granite Ridge Resources insiders have bought more of their company's stock than they have sold. Specifically, they have bought $120,800.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

8.60% of the stock of Granite Ridge Resources is held by insiders.

Percentage Held by Institutions

31.56% of the stock of Granite Ridge Resources is held by institutions.

Company Calendar

• Last Earnings: 8/06/2026
• Record date for 9/14 Dividend: 8/28/2026
• Ex-Dividend for 9/14 Dividend: 8/28/2026
• Dividend Payable: 9/14/2026
• Today: 10/04/2026
• Next Earnings (Estimated): 11/05/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Energy
• Industry: Oil, Gas & Consumable Fuels
• Sub-Industry: Oil & Gas Exploration & Production
• Current Symbol: NYSE:GRNT
• CIK: 1928446
• Web: www.graniteridge.com
• Phone: 214-396-2850
• Fax: N/A
• Employees: 6
• Year Founded: 2022

Price Target and Rating

• Average Price Target for Granite Ridge Resources: $10.00
• High Price Target: $11.00
• Low Price Target: $9.00
• Potential Upside/Downside: +124.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.21)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 10.38
• P/E Growth: N/A
• Net Income: $24.35 million
• Net Margins: -5.56%
• Pretax Margin: -7.11%
• Return on Equity: 4.67%
• Return on Assets: 2.33%

Debt

• Debt-to-Equity Ratio: 0.76
• Current Ratio: 1.02
• Quick Ratio: 1.02

Sales & Book Value

• Annual Sales: $450.31 million
• Price / Sales: 1.31
• Cash Flow: $2.09 per share
• Price / Cash Flow: 2.14
• Book Value: $4.62 per share
• Price / Book: 0.97

Miscellaneous

• Outstanding Shares: 131,900,000
• Free Float: 120,557,000
• Market Cap: $588.93 million
• Optionable: Optionable
• Beta: 0.24