Roth Capital Issues Pessimistic Estimate for GRNT Earnings

Granite Ridge Resources, Inc. (NYSE:GRNT - Free Report) - Roth Capital dropped their Q2 2025 earnings per share (EPS) estimates for Granite Ridge Resources in a note issued to investors on Monday, July 7th. Roth Capital analyst J. White now forecasts that the company will post earnings per share of $0.13 for the quarter, down from their previous forecast of $0.17. The consensus estimate for Granite Ridge Resources' current full-year earnings is $0.52 per share. Roth Capital also issued estimates for Granite Ridge Resources' Q3 2025 earnings at $0.11 EPS and Q4 2025 earnings at $0.14 EPS.

Granite Ridge Resources (NYSE:GRNT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. The business had revenue of $122.93 million for the quarter, compared to the consensus estimate of $115.30 million. Granite Ridge Resources had a net margin of 2.98% and a return on equity of 13.46%.

Separately, Wall Street Zen upgraded shares of Granite Ridge Resources from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.

Granite Ridge Resources Trading Up 0.7%

Shares of Granite Ridge Resources stock opened at $6.09 on Wednesday. The company's fifty day simple moving average is $5.79 and its 200-day simple moving average is $5.87. The company has a market cap of $798.58 million, a price-to-earnings ratio of 67.67 and a beta of 0.36. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. Granite Ridge Resources has a 1 year low of $4.52 and a 1 year high of $7.10.

Granite Ridge Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given 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 7.22%. Granite Ridge Resources's dividend payout ratio (DPR) is currently 488.89%.

Insider Buying and Selling at Granite Ridge Resources

In other news, CEO Luke C. Brandenberg bought 18,252 shares of Granite Ridge Resources stock in a transaction that occurred on Thursday, May 15th. The stock was purchased at an average cost of $5.55 per share, with a total value of $101,298.60. Following the completion of the transaction, the chief executive officer directly owned 151,167 shares in the company, valued at $838,976.85. This trade represents a 13.73% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matthew Reade Miller bought 17,000 shares of Granite Ridge Resources stock in a transaction that occurred on Monday, June 16th. The stock was purchased at an average cost of $5.98 per share, with a total value of $101,660.00. Following the completion of the transaction, the director owned 1,261,877 shares of the company's stock, valued at $7,546,024.46. This trade represents a 1.37% 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. 8.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Granite Ridge Resources

Institutional investors and hedge funds have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Granite Ridge Resources in the 4th quarter valued at $870,000. Parallel Advisors LLC boosted its stake in shares of Granite Ridge Resources by 222.4% in the 1st quarter. Parallel Advisors LLC now owns 8,722 shares of the company's stock valued at $53,000 after purchasing an additional 6,017 shares in the last quarter. CWA Asset Management Group LLC boosted its stake in shares of Granite Ridge Resources by 46.0% in the 1st quarter. CWA Asset Management Group LLC now owns 189,500 shares of the company's stock valued at $1,152,000 after purchasing an additional 59,671 shares in the last quarter. Hamilton Lane Advisors LLC boosted its stake in shares of Granite Ridge Resources by 15.5% in the 1st quarter. Hamilton Lane Advisors LLC now owns 8,480,587 shares of the company's stock valued at $51,562,000 after purchasing an additional 1,139,430 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Granite Ridge Resources by 37.5% in the 4th quarter. Deutsche Bank AG now owns 33,212 shares of the company's stock valued at $215,000 after purchasing an additional 9,055 shares in the last quarter. Institutional investors and hedge funds own 31.56% of the company's stock.

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.

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