Granite Ridge Resources Stock Price, News & Analysis (NYSE:GRNT) $5.88 -0.12 (-2.00%) (As of 12/4/2023 ET) Add Compare Share Share Today's Range$5.75▼$6.0050-Day Range$5.77▼$6.5352-Week Range$4.82▼$9.62Volume688,187 shsAverage Volume274,905 shsMarket Capitalization$782.04 millionP/E Ratio6.46Dividend Yield7.48%Price Target$8.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media Granite Ridge Resources MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside44.6% Upside$8.50 Price TargetShort InterestHealthy0.62% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.69Based on 6 Articles This WeekInsider TradingSelling Shares$40.83 M Sold Last QuarterProj. Earnings Growth19.54%From $0.87 to $1.04 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.16 out of 5 starsOils/Energy Sector11th out of 225 stocksCrude Petroleum & Natural Gas Industry6th out of 69 stocks 3.5 Analyst's Opinion Consensus RatingGranite Ridge Resources has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $8.50, Granite Ridge Resources has a forecasted upside of 44.6% from its current price of $5.88.Amount of Analyst CoverageGranite Ridge Resources has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.62% of the float of Granite Ridge Resources has been sold short.Short Interest Ratio / Days to CoverGranite Ridge Resources has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Granite Ridge Resources has recently increased by 11.02%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipGranite Ridge Resources is a leading dividend payer. It pays a dividend yield of 7.33%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGranite Ridge Resources has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Granite Ridge Resources is 48.35%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Granite Ridge Resources will have a dividend payout ratio of 42.31% next year. This indicates that Granite Ridge Resources will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GRNT. Previous Next 3.7 News and Social Media Coverage News SentimentGranite Ridge Resources has a news sentiment score of 0.69. 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 0.49 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Granite Ridge Resources this week, compared to 1 article on an average week.Search Interest13 people have searched for GRNT on MarketBeat in the last 30 days. This is an increase of 117% compared to the previous 30 days.MarketBeat Follows7 people have added Granite Ridge Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 75% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Granite Ridge Resources insiders have sold 19,125.34% more of their company's stock than they have bought. Specifically, they have bought $212,350.00 in company stock and sold $40,825,000.00 in company stock.Percentage Held by InsidersOnly 1.40% of the stock of Granite Ridge Resources is held by insiders.Percentage Held by InstitutionsOnly 7.56% of the stock of Granite Ridge Resources is held by institutions. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Granite Ridge Resources are expected to grow by 19.54% in the coming year, from $0.87 to $1.04 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Granite Ridge Resources is 6.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.38.Price to Earnings Ratio vs. SectorThe P/E ratio of Granite Ridge Resources is 6.46, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.03.Price to Book Value per Share RatioGranite Ridge Resources has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Granite Ridge Resources Stock (NYSE:GRNT)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. The company is based in Dallas, Texas.Read More GRNT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GRNT Stock News HeadlinesDecember 1, 2023 | benzinga.comNoteworthy Insider Activity: Thaddeus Darden Invests $59K In Granite Ridge Resources StockNovember 28, 2023 | finance.yahoo.comShould Granite Ridge Resources, Inc. (NYSE:GRNT) Focus On Improving This Fundamental Metric?December 5, 2023 | DTI Trader (Ad)New CBOE “special perk” helps traders target income every weekendYou might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange. November 27, 2023 | benzinga.comWednesday Is Your Last Chance To Buy Granite Ridge Resources Before The Dividend PayoutNovember 25, 2023 | seekingalpha.comGRNT Granite Ridge Resources, Inc.November 13, 2023 | finance.yahoo.comGranite Ridge Resources, Inc (NYSE:GRNT) Q3 2023 Earnings Call TranscriptNovember 9, 2023 | finance.yahoo.comGranite Ridge Resources Inc. Reports Third-Quarter 2023 Results and Provides Updated Outlook for 2023November 9, 2023 | finance.yahoo.comWall Street Analysts Think Granite Ridge Resources, Inc. (GRNT) Could Surge 42.6%: Read This Before Placing a BetDecember 5, 2023 | Wealthpress (Ad)Trading Experts Call It “The Perfect Tesla Trade”Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.November 8, 2023 | finance.yahoo.comWith 60% institutional ownership, Granite Ridge Resources, Inc. (NYSE:GRNT) is a favorite amongst the big gunsOctober 12, 2023 | finance.yahoo.comGranite Ridge Resources, Inc.'s (NYSE:GRNT) Intrinsic Value Is Potentially 88% Above Its Share PriceOctober 5, 2023 | finance.yahoo.comAfter Plunging -21.66% in 4 Weeks, Here's Why the Trend Might Reverse for Granite Ridge Resources, Inc. (GRNT)October 3, 2023 | finance.yahoo.comGranite Ridge Resources, Inc. (GRNT) Moves to Strong Buy: Rationale Behind the UpgradeSeptember 27, 2023 | msn.comStephens & Co. Initiates Coverage of Granite Ridge Resources Inc - (GRNT) with Overweight RecommendationSeptember 16, 2023 | finance.yahoo.comInsider Buying: President and CEO Luke Brandenberg Acquires 10,000 Shares of Granite Ridge ...September 12, 2023 | finance.yahoo.comHere's Why Granite Ridge Resources, Inc. (GRNT) is Poised for a Turnaround After Losing -23.03% in 4 WeeksSeptember 11, 2023 | benzinga.comSmucker, FuelCell Energy, Granite Ridge Resources And Other Big Stocks Moving Lower On MondaySeptember 11, 2023 | msn.comGranite Ridge Resources plunges on 7.1M-share secondary offeringSeptember 11, 2023 | marketwatch.comGranite Ridge Resources Shares Fall 7.2% After Secondary Share OfferingSeptember 11, 2023 | finance.yahoo.comGranite Ridge Resources, Inc. Announces Launch of Secondary Public Offering of Common StockAugust 28, 2023 | finance.yahoo.comZacks.com featured highlights include Trip.com, Dr. Reddy's Laboratories, J&J Snack Foods and Granite Ridge ResourcesAugust 22, 2023 | finance.yahoo.comShould You Buy Granite Ridge Resources, Inc. (GRNT) After Golden Cross?August 11, 2023 | finance.yahoo.comGranite Ridge Resources Inc. Reports Second-Quarter 2023 Results and Provides Updated Outlook for 2023August 8, 2023 | uk.news.yahoo.comGranite Ridge Resources (NYSE:GRNT) shareholders have endured a 26% loss from investing in the stock a year agoJuly 11, 2023 | finance.yahoo.comGranite Ridge Resources Schedules Second Quarter 2023 Earnings Conference CallJuly 11, 2023 | finance.yahoo.comGranite Ridge Resources (NYSE:GRNT) Is Very Good At Capital AllocationJuly 8, 2023 | theglobeandmail.comInstrument Name Granite Ridge Resources Inc Instrument Symbol (GRNT-N)See More Headlines Receive GRNT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Granite Ridge Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 9/15 Dividend8/31/2023Dividend Payable9/15/2023Last Earnings11/09/2023Ex-Dividend for 12/15 Dividend11/30/2023Today12/04/2023Dividend Payable12/15/2023Fiscal Year End12/31/2023Next Earnings (Estimated)3/25/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Crude petroleum & natural gas Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:GRNT CUSIPN/A CIK1928446 Webwww.graniteridge.com Phone214-396-2850FaxN/AEmployees2Year FoundedN/APrice Target and Rating Average Stock Price Target$8.50 High Stock Price Target$9.00 Low Stock Price Target$8.00 Potential Upside/Downside+44.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.91 Trailing P/E Ratio6.46 Forward P/E Ratio6.76 P/E GrowthN/ANet Income$262.34 million Net Margins29.78% Pretax Margin37.93% Return on Equity20.45% Return on Assets15.26% Debt Debt-to-Equity Ratio0.13 Current Ratio1.47 Quick Ratio1.47 Sales & Book Value Annual Sales$497.42 million Price / Sales1.57 Cash Flow$2.59 per share Price / Cash Flow2.27 Book Value$4.67 per share Price / Book1.26Miscellaneous Outstanding Shares133,000,000Free Float131,141,000Market Cap$782.04 million OptionableNot Optionable Beta0.13 The 10 Best AI Stocks to Own in 2024Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.Get This Free Report Key ExecutivesMr. Luke C. Brandenberg (Age 37)President & CEO Comp: $221.37kMr. Tyler S. Farquharson (Age 41)Chief Financial Officer Comp: $126.62kMr. Zoran DurkovicChief Accounting OfficerMr. Ryan RiggelsonExecutive Vice President of EngineeringMs. Emily Tubb FuquayCorporate SecretaryKey CompetitorsSilverBow ResourcesNYSE:SBOWVitesse EnergyNYSE:VTSTETRA TechnologiesNYSE:TTITXO PartnersNYSE:TXOBerryNASDAQ:BRYView All CompetitorsInsiders & InstitutionsThaddeus DardenBought 10,000 shares on 12/4/2023Total: $58,000.00 ($5.80/share)Thaddeus DardenBought 10,000 shares on 11/30/2023Total: $59,200.00 ($5.92/share)American Century Companies Inc.Bought 116,068 shares on 11/30/2023Ownership: 0.087%John MccartneyBought 500 shares on 11/27/2023Total: $3,060.00 ($6.12/share)Deutsche Bank AGBought 31,144 shares on 11/24/2023Ownership: 0.023%View All Insider TransactionsView All Institutional Transactions GRNT Stock Analysis - Frequently Asked Questions Should I buy or sell Granite Ridge Resources stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Granite Ridge Resources in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GRNT shares. View GRNT analyst ratings or view top-rated stocks. What is Granite Ridge Resources' stock price target for 2024? 2 brokerages have issued twelve-month target prices for Granite Ridge Resources' shares. Their GRNT share price targets range from $8.00 to $9.00. On average, they expect the company's stock price to reach $8.50 in the next year. This suggests a possible upside of 44.6% from the stock's current price. View analysts price targets for GRNT or view top-rated stocks among Wall Street analysts. How have GRNT shares performed in 2023? Granite Ridge Resources' stock was trading at $9.03 at the beginning of 2023. Since then, GRNT stock has decreased by 34.9% and is now trading at $5.88. View the best growth stocks for 2023 here. Are investors shorting Granite Ridge Resources? Granite Ridge Resources saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 345,500 shares, an increase of 11.0% from the October 31st total of 311,200 shares. Based on an average daily trading volume, of 629,800 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.6% of the shares of the stock are short sold. View Granite Ridge Resources' Short Interest. When is Granite Ridge Resources' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, March 25th 2024. View our GRNT earnings forecast. How were Granite Ridge Resources' earnings last quarter? Granite Ridge Resources, Inc. (NYSE:GRNT) announced its earnings results on Thursday, November, 9th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.04. The business earned $108.40 million during the quarter. Granite Ridge Resources had a net margin of 29.78% and a trailing twelve-month return on equity of 20.45%. How often does Granite Ridge Resources pay dividends? What is the dividend yield for Granite Ridge Resources? Granite Ridge Resources announced a quarterly dividend on Friday, November 17th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.11 per share on Friday, December 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.48%. The ex-dividend date of this dividend is Thursday, November 30th. Read our dividend analysis for GRNT. Is Granite Ridge Resources a good dividend stock? Granite Ridge Resources (NYSE:GRNT) pays an annual dividend of $0.44 per share and currently has a dividend yield of 7.33%. GRNT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 48.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GRNT will have a dividend payout ratio of 42.31% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for GRNT. Who are Granite Ridge Resources' major shareholders? Granite Ridge Resources' stock is owned by many different retail and institutional investors. Top institutional investors include Hamilton Lane Advisors LLC (6.24%), Northwestern University (3.73%), Adage Capital Partners GP L.L.C. (1.15%), Maven Securities LTD (0.18%), Northern Trust Corp (0.16%) and Charles Schwab Investment Management Inc. (0.15%). Insiders that own company stock include Grep Gp Iii, Llc, Griffin Perry, John Mccartney, Luke C Brandenberg, Thaddeus Darden and Tyler Farquharson. View institutional ownership trends. How do I buy shares of Granite Ridge Resources? Shares of GRNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. This page (NYSE:GRNT) was last updated on 12/5/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Granite Ridge Resources, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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