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NYSE:GRNT

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

$6.08
+0.02 (+0.33%)
(As of 12:02 PM ET)
Compare
Today's Range
$6.02
$6.46
50-Day Range
$5.15
$6.32
52-Week Range
$4.82
$14.00
Volume
47,736 shs
Average Volume
65,934 shs
Market Capitalization
$808.88 million
P/E Ratio
N/A
Dividend Yield
7.24%
Price Target
N/A

Granite Ridge Resources MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.40% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.67mentions of Granite Ridge Resources in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$72,966 Bought Last Quarter
Proj. Earnings Growth
10.23%
From $0.88 to $0.97 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.95 out of 5 stars

Oils/Energy Sector

152nd out of 245 stocks

Crude Petroleum & Natural Gas Industry

63rd out of 77 stocks


GRNT stock logo

About Granite Ridge Resources (NYSE:GRNT) Stock

Granite Ridge Resources, Inc. is an infrastructure firm and operates as a non-operated oil and gas exploration and production company. The firm invests in a diversified portfolio of production and top-tier acreage across the Permian and four other prolific US basins in partnership with operators. Granite Ridge Resources, Inc. is headquartered in Dallas, Texas.

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GRNT Stock News Headlines

Granite Ridge Resources (NYSE:GRNT) Stock Price Up 8.6%
New "Mined in America" Lithium Opportunities?
The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.
GRANITE RIDGE RESOURCES INC
Granite Ridge Resources Inc.
The Real Problem With "Made in America" Lithium
Politicians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple.
Granite Ridge Resources declares $0.11 dividend
Granite Ridge Resources, Inc. (GRNT)
Granite Ridge Resources Inc (GRNT)
Granite Ridge Resources (NYSE:GRNT) Shares Gap Up to $5.68
See More Headlines

GRNT Price History

GRNT Company Calendar

Ex-Dividend for 3/15 Dividend
2/28/2023
Dividend Payable
3/15/2023
Last Earnings
3/27/2023
Ex-Dividend for 6/15 Dividend
5/31/2023
Today
6/08/2023
Dividend Payable
6/15/2023
Next Earnings (Estimated)
8/10/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Fax
N/A
Employees
2
Year Founded
N/A

Profitability

Net Income
$262.34 million
Pretax Margin
97.50%

Debt

Sales & Book Value

Annual Sales
$497.42 million
Cash Flow
$2.65 per share
Book Value
$4.67 per share

Miscellaneous

Free Float
131,175,000
Market Cap
$806.22 million
Optionable
Not Optionable
Beta
-0.10

Key Executives

  • Mr. Luke C. Brandenberg (Age 37)
    Pres & CEO
    Comp: $221.37k
  • Mr. Tyler S. Farquharson (Age 41)
    Chief Financial Officer
    Comp: $126.62k
  • Ms. Emily Tubb Fuquay
    Corp. Sec.













GRNT Stock - Frequently Asked Questions

How have GRNT shares performed in 2023?

Granite Ridge Resources' stock was trading at $9.03 at the start of the year. Since then, GRNT shares have decreased by 32.9% and is now trading at $6.06.
View the best growth stocks for 2023 here
.

When is Granite Ridge Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our GRNT earnings forecast
.

How were Granite Ridge Resources' earnings last quarter?

Granite Ridge Resources, Inc. (NYSE:GRNT) posted its earnings results on Monday, March, 27th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.47 by $0.09. The company had revenue of $116.34 million for the quarter.

How often does Granite Ridge Resources pay dividends? What is the dividend yield for Granite Ridge Resources?

Granite Ridge Resources declared a quarterly dividend on Tuesday, May 23rd. Investors of record on Thursday, June 1st will be paid a dividend of $0.11 per share on Thursday, June 15th. This represents a $0.44 annualized dividend and a yield of 7.26%. The ex-dividend date is Wednesday, May 31st.
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 7.25%. GRNT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for GRNT.

What is Granite Ridge Resources' stock symbol?

Granite Ridge Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "GRNT."

Who are Granite Ridge Resources' major shareholders?

Granite Ridge Resources' stock is owned by many different institutional and retail investors. Top institutional shareholders include Hamilton Lane Advisors LLC (2.86%), Sfmg LLC (0.14%), Geode Capital Management LLC (0.12%), Howard Financial Services LTD. (0.03%), Northwestern University (0.03%) and JPMorgan Chase & Co. (0.02%). Insiders that own company stock include Griffin Perry, John Mccartney and Luke C Brandenberg.
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.

What is Granite Ridge Resources' stock price today?

One share of GRNT stock can currently be purchased for approximately $6.06.

How much money does Granite Ridge Resources make?

Granite Ridge Resources (NYSE:GRNT) has a market capitalization of $806.22 million and generates $497.42 million in revenue each year.

How can I contact Granite Ridge Resources?

Granite Ridge Resources' mailing address is 137 NEWBURY STREET 7TH FLOOR, BOSTON MA, 02116. The official website for the company is www.graniteridge.com. The company can be reached via phone at 214-396-2850 or via email at ew@enpc.co.

This page (NYSE:GRNT) was last updated on 6/8/2023 by MarketBeat.com Staff

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