NYSE:GRNT Granite Ridge Resources (GRNT) Stock Forecast, Price & News $5.97 -0.10 (-1.65%) (As of 06/6/2023 ET) Add Compare Share Share Today's Range$5.63▼$6.0550-Day Range$5.15▼$6.3752-Week Range$4.82▼$14.00Volume136,681 shsAverage Volume65,095 shsMarket Capitalization$794.24 millionP/E RatioN/ADividend Yield7.37%Price TargetN/A ProfileProfileChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Granite Ridge Resources MarketRank™ ForecastAnalyst RatingN/AUpside/DownsideN/AShort InterestHealthy0.40% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.00Based on 2 Articles This WeekInsider TradingAcquiring Shares$67,016 Bought Last QuarterProj. Earnings Growth10.23%From $0.88 to $0.97 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.1.98 out of 5 starsEnergy Sector1st out of 1 stocksOil & Gas E&P Industry1st out of 1 stocks N/A Analyst's Opinion Consensus RatingThere is not enough analysis data for Granite Ridge Resources. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.40% 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 1.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous month Previous Next 2.5 Dividend Strength Dividend LeadershipGranite Ridge Resources is a leading dividend payer. It pays a dividend yield of 7.39%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGranite Ridge Resources does not have a long track record of dividend growth.Dividend SustainabilityBased on earnings estimates, Granite Ridge Resources will have a dividend payout ratio of 45.36% 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 2.2 News and Social Media Coverage News SentimentGranite Ridge Resources has a news sentiment score of 1.00. 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 0.81 average news sentiment score of Energy companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Granite Ridge Resources this week, compared to 2 articles on an average week.Search InterestOnly 1 people have searched for GRNT on MarketBeat in the last 30 days. This is a decrease of 0% 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 bought more of their company's stock than they have sold. Specifically, they have bought $67,016.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.40% of the stock of Granite Ridge Resources is held by insiders. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Granite Ridge Resources are expected to grow by 10.23% in the coming year, from $0.88 to $0.97 per share.Price to Book Value per Share RatioGranite Ridge Resources has a P/B Ratio of 1.28. 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 (NYSE:GRNT) StockGranite 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.Read More 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 GRNT Stock News HeadlinesMay 27, 2023 | msn.comTuesday Is Your Last Chance To Buy Granite Ridge Resources Before The Dividend PayoutMay 27, 2023 | americanbankingnews.comInsider Buying: Granite Ridge Resources, Inc. (NYSE:GRNT) CEO Acquires $56,700.00 in StockJune 6, 2023 | Altimetry (Ad)Pentagon Consultant—Here's how Biden Wins Landslide Re-election—but also hand Joe Biden a landslide re-election win. What would America look like if we slide further towards Socialism? Full story and 4 steps you can take,May 26, 2023 | americanbankingnews.comLuke C. Brandenberg Purchases 10,000 Shares of Granite Ridge Resources, Inc. (NYSE:GRNT) StockMay 26, 2023 | americanbankingnews.comGranite Ridge Resources (NYSE:GRNT) Shares Gap Up Following Dividend AnnouncementMay 25, 2023 | finanznachrichten.deGRANITE RIDGE RESOURCES INCMay 25, 2023 | wsj.comGranite Ridge Resources Inc.May 25, 2023 | americanbankingnews.comGranite Ridge Resources, Inc. (GRNT) to Issue Quarterly Dividend of $0.11 on June 15thJune 6, 2023 | Altimetry (Ad)Pentagon Consultant—Here's how Biden Wins Landslide Re-election—but also hand Joe Biden a landslide re-election win. What would America look like if we slide further towards Socialism? Full story and 4 steps you can take,May 24, 2023 | msn.comGranite Ridge Resources Inc - (GRNT) Declares $0.11 DividendMay 24, 2023 | americanbankingnews.comGranite Ridge Resources (NYSE:GRNT) Sees Unusually-High Trading VolumeMay 23, 2023 | businesswire.comGranite Ridge Resources, Inc. Set to Join Russell 3000 ® IndexMay 22, 2023 | seekingalpha.comGranite Ridge Resources declares $0.11 dividendMay 22, 2023 | finance.yahoo.comWith 84% ownership of the shares, Granite Ridge Resources, Inc. (NYSE:GRNT) is heavily dominated by institutional ownersMay 19, 2023 | seekingalpha.comAMTX, BANL among Energy/Materials gainers; NRT, GRNT among losersMay 19, 2023 | finance.yahoo.comGranite Ridge Resources, Inc. Announces Commencement of Exchange Offer and Consent Solicitation Relating to WarrantsMay 19, 2023 | americanbankingnews.comQ2 2023 Earnings Estimate for Granite Ridge Resources, Inc. (NYSE:GRNT) Issued By Capital One FinancialMay 14, 2023 | finance.yahoo.comGranite Ridge Resources, Inc. (GRNT)May 13, 2023 | investing.comGranite Ridge Resources Inc (GRNT)May 11, 2023 | finance.yahoo.comGranite Ridge Resources Inc. Reports First-Quarter 2023 Results and Provides Updated Outlook for 2023May 10, 2023 | americanbankingnews.comCritical Contrast: Granite Ridge Resources (NYSE:GRNT) and Diamondback Energy (NASDAQ:FANG)May 10, 2023 | americanbankingnews.comGranite Ridge Resources (GRNT) Scheduled to Post Earnings on ThursdayMay 3, 2023 | americanbankingnews.comGranite Ridge Resources (NYSE:GRNT) Shares Gap Up to $5.68April 26, 2023 | americanbankingnews.comCapital One Financial Weighs in on Granite Ridge Resources, Inc.'s Q1 2023 Earnings (NYSE:GRNT)April 12, 2023 | americanbankingnews.comCapital One Financial Analysts Raise Earnings Estimates for Granite Ridge Resources, Inc. (NYSE:GRNT)March 31, 2023 | americanbankingnews.comGranite Ridge Resources, Inc. to Post Q4 2023 Earnings of $0.31 Per Share, Capital One Financial Forecasts (NYSE:GRNT)March 31, 2023 | americanbankingnews.comCapital One Financial Analysts Reduce Earnings Estimates for Granite Ridge Resources, Inc. (NYSE:GRNT)See More Headlines GRNT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GRNT Company Calendar Ex-Dividend for 3/15 Dividend2/28/2023Dividend Payable3/15/2023Last Earnings3/27/2023Ex-Dividend for 6/15 Dividend5/31/2023Today6/06/2023Dividend Payable6/15/2023Next Earnings (Estimated)8/10/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Oil & Gas E&P Sub-IndustryN/A SectorEnergy Current SymbolNYSE:GRNT CUSIPN/A CIK1928446 Webwww.graniteridge.com Phone214-396-2850FaxN/AEmployees2Year FoundedN/AProfitability EPS (Most Recent Fiscal Year)N/A Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$262.34 million Net MarginsN/A Pretax Margin97.50% Return on Equity25.15% Return on Assets16.80% Debt Debt-to-Equity Ratio0.04 Current Ratio1.60 Quick Ratio1.60 Sales & Book Value Annual Sales$494.88 million Price / Sales1.60 Cash Flow$2.67 per share Price / Cash Flow2.24 Book Value$4.67 per share Price / Book1.28Miscellaneous Outstanding Shares133,038,000Free Float131,175,000Market Cap$794.24 million OptionableNot Optionable Beta-0.10 Key ExecutivesMr. Luke C. Brandenberg (Age 37)Pres & CEO Comp: $221.37kMr. Tyler S. Farquharson (Age 41)Chief Financial Officer Comp: $126.62kMs. Emily Tubb FuquayCorp. Sec.Key CompetitorsVital EnergyNYSE:VTLEVitesse EnergyNYSE:VTSTXO PartnersNYSE:TXORiley Exploration PermianNYSE:REPXW&T OffshoreNYSE:WTIView All CompetitorsInsiders & InstitutionsPrelude Capital Management LLCBought 11,708 shares on 6/1/2023Ownership: 0.009%Griffin PerryBought 600 shares on 5/31/2023Total: $3,282.00 ($5.47/share)Griffin PerryBought 166 shares on 5/25/2023Total: $954.50 ($5.75/share)Luke C BrandenbergBought 10,000 shares on 5/23/2023Total: $56,700.00 ($5.67/share)JPMorgan Chase & Co.Bought 27,267 shares on 5/18/2023Ownership: 0.020%View All Insider TransactionsView All Institutional Transactions GRNT Stock - Frequently Asked Questions How have GRNT shares performed in 2023? Granite Ridge Resources' stock was trading at $9.03 at the beginning of 2023. Since then, GRNT shares have decreased by 33.9% and is now trading at $5.97. 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) announced its earnings results on Monday, March, 27th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by $0.09. The business 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 given a dividend of $0.11 per share on Thursday, June 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.37%. 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 7.39%. 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 a number of retail and institutional investors. Top institutional investors 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 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 $5.97. How much money does Granite Ridge Resources make? Granite Ridge Resources (NYSE:GRNT) has a market capitalization of $794.24 million and generates $494.88 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 6/6/2023 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. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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