Top-Rated Dividend StocksTop-Rated DividendNYSE:GRNT Granite Ridge Resources (GRNT) Stock Price, News & Analysis $6.77 -0.08 (-1.17%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$6.62▼$6.8750-Day Range$5.86▼$7.0552-Week Range$5.20▼$8.14Volume399,042 shsAverage Volume448,337 shsMarket Capitalization$885.11 millionP/E Ratio15.04Dividend Yield6.50%Price Target$7.95 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Granite Ridge Resources alerts: Email Address Granite Ridge Resources MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.80 Rating ScoreUpside/Downside17.4% Upside$7.95 Price TargetShort InterestBearish5.61% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.45Based on 2 Articles This WeekInsider TradingAcquiring Shares$194,135 Bought Last QuarterProj. Earnings Growth33.33%From $0.60 to $0.80 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.80 out of 5 starsOils/Energy Sector158th out of 248 stocksCrude Petroleum & Natural Gas Industry59th out of 80 stocks 2.4 Analyst's Opinion Consensus RatingGranite Ridge Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageGranite Ridge Resources has only been the subject of 4 research reports in the past 90 days.Read more about Granite Ridge Resources' stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted5.61% 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 5.8.Change versus previous monthShort interest in Granite Ridge Resources has recently increased by 35.81%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipGranite Ridge Resources is a leading dividend payer. It pays a dividend yield of 6.54%, 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 CoverageThe dividend payout ratio of Granite Ridge Resources is 97.78%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Granite Ridge Resources will have a dividend payout ratio of 55.00% next year. This indicates that Granite Ridge Resources will be able to sustain or increase its dividend.Read more about Granite Ridge Resources' 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 1.4 News and Social Media Coverage News SentimentGranite Ridge Resources has a news sentiment score of 0.45. 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 news sentiment score is similar to the average news sentiment of Oils/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.MarketBeat FollowsOnly 1 people have added Granite Ridge Resources to their MarketBeat watchlist in the last 30 days. This is a decrease 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 bought more of their company's stock than they have sold. Specifically, they have bought $194,135.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.90% of the stock of Granite Ridge Resources is held by insiders.Percentage Held by InstitutionsOnly 31.56% of the stock of Granite Ridge Resources is held by institutions.Read more about Granite Ridge Resources' insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Granite Ridge Resources are expected to grow by 33.33% in the coming year, from $0.60 to $0.80 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Granite Ridge Resources is 15.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.45.Price to Earnings Ratio vs. SectorThe P/E ratio of Granite Ridge Resources is 15.04, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.75.Price to Earnings Growth RatioGranite Ridge Resources has a PEG Ratio of 6.80. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioGranite Ridge Resources has a P/B Ratio of 1.34. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Granite Ridge Resources' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Colonial MetalsCollapse of the PetrodollarThe death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.In answer to this issue, we have released a Special Report to the public. 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. Granite Ridge Resources, Inc. 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 HeadlinesJuly 4, 2024 | marketbeat.comInsiders Are Pouring Cash Into These 6%-12% DividendsJuly 26 at 5:36 PM | yahoo.comFIRE REPORT: Swawilla Fire uncontained, still growingJuly 26, 2024 | WealthPress (Ad)New trading system called MSFT, NVDA & MSFTLook 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.July 19, 2024 | nz.finance.yahoo.comGranite Ridge Resources, Inc. (Y60.F)July 18, 2024 | americanbankingnews.comShort Interest in Granite Ridge Resources, Inc. (NYSE:GRNT) Rises By 9.7%June 18, 2024 | seekingalpha.comGranite Ridge Resources: Free Cash Flow May Be Close To Zero In 2024May 27, 2024 | finance.yahoo.comGranite Ridge Resources (NYSE:GRNT) Might Have The Makings Of A Multi-BaggerMay 16, 2024 | msn.comRoth MKM Initiates Coverage of Granite Ridge Resources (GRNT) with Buy RecommendationJuly 26, 2024 | WealthPress (Ad)New trading system called MSFT, NVDA & MSFTLook 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.May 13, 2024 | finance.yahoo.comGranite Ridge Resources Inc (GRNT) Q1 2024 Earnings Call Transcript Highlights: Key Financial ...May 10, 2024 | finance.yahoo.comGranite Ridge Resources Inc (GRNT) Q1 2024 Earnings: Aligns with EPS Projections and Misses ...May 9, 2024 | businesswire.comGranite Ridge Resources Inc. Reports First Quarter 2024 ResultsMay 8, 2024 | markets.businessinsider.comWhat Wall Street expects from Granite Ridge Resources's earningsMay 7, 2024 | finance.yahoo.comWith A 12% Return On Equity, Is Granite Ridge Resources, Inc. (NYSE:GRNT) A Quality Stock?April 29, 2024 | msn.comEvercore ISI Group Initiates Coverage of Granite Ridge Resources (GRNT) with In-Line RecommendationApril 19, 2024 | investorplace.com7 Stocks Under $15 Predicted to Boom in the Next 2 YearsApril 16, 2024 | finance.yahoo.comWhile institutions own 25% of Granite Ridge Resources, Inc. (NYSE:GRNT), private equity firms are its largest shareholders with 57% ownershipApril 12, 2024 | businesswire.comGranite Ridge Resources Schedules First Quarter 2024 Earnings Conference CallSee 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 Last Earnings5/09/2024Ex-Dividend for 6/14 Dividend5/31/2024Dividend Payable6/14/2024Today7/26/2024Next Earnings (Confirmed)8/08/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorOils/Energy Industry Crude petroleum & natural gas Sub-IndustryPetroleum And Natural Gas Current SymbolNYSE:GRNT CUSIPN/A CIK1928446 Webwww.graniteridge.com Phone214-396-2850FaxN/AEmployees1Year FoundedN/APrice Target and Rating Average Stock Price Target$7.95 High Stock Price Target$8.80 Low Stock Price Target$7.00 Potential Upside/Downside+17.4%Consensus RatingModerate Buy Rating Score (0-4)2.80 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$0.45 Trailing P/E Ratio15.04 Forward P/E Ratio11.28 P/E Growth6.8Net Income$81.10 million Net Margins15.43% Pretax Margin20.16% Return on Equity14.35% Return on Assets10.30% Debt Debt-to-Equity Ratio0.20 Current Ratio2.55 Quick Ratio2.55 Sales & Book Value Annual Sales$394.07 million Price / Sales2.25 Cash Flow$2.03 per share Price / Cash Flow3.33 Book Value$5.05 per share Price / Book1.34Miscellaneous Outstanding Shares130,740,000Free Float128,260,000Market Cap$885.11 million OptionableOptionable Beta0.20 The Next 7 Blockbuster Stocks for Growth InvestorsWondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.Get This Free Report Key ExecutivesMr. Luke C. Brandenberg (Age 39)President & CEO Comp: $706kMr. Tyler S. Farquharson (Age 42)Chief Financial Officer Comp: $564.25kMs. Kimberly A. Weimer (Age 45)Chief Accounting Officer Mr. Michael G. OttVice President of Corporate Development & Investor RelationsMs. Emily Tubb FuquayCorporate SecretaryKey CompetitorsCalifornia ResourcesNYSE:CRCBlack Stone MineralsNYSE:BSMComstock ResourcesNYSE:CRKKosmos EnergyNYSE:KOSCrescent EnergyNYSE:CRGYView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpBought 78,636 shares on 7/26/2024Ownership: 0.944%SG Americas Securities LLCSold 2,324 shares on 7/12/2024Ownership: 0.008%CWM LLCBought 9,978 shares on 7/10/2024Ownership: 0.008%Thaddeus DardenBought 7,000 shares on 6/14/2024Total: $41,300.00 ($5.90/share)Luke C BrandenbergBought 5,000 shares on 6/14/2024Total: $29,650.00 ($5.93/share)View All Insider TransactionsView All Institutional Transactions GRNT Stock Analysis - Frequently Asked Questions How have GRNT shares performed this year? Granite Ridge Resources' stock was trading at $6.02 on January 1st, 2024. Since then, GRNT stock has increased by 12.5% and is now trading at $6.77. View the best growth stocks for 2024 here. How were Granite Ridge Resources' earnings last quarter? Granite Ridge Resources, Inc. (NYSE:GRNT) released its quarterly earnings results on Thursday, May, 9th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by $0.01. The business earned $89 million during the quarter. Granite Ridge Resources had a net margin of 15.43% and a trailing twelve-month return on equity of 14.35%. Who are Granite Ridge Resources' major shareholders? Top institutional investors of Granite Ridge Resources include Bank of New York Mellon Corp (0.94%), SG Americas Securities LLC (0.01%) and CWM LLC (0.01%). Insiders that own company stock include Grep Gp Iii, Llc, Matthew Reade Miller, Griffin Perry, Thaddeus Darden, Luke C Brandenberg, Tyler Farquharson, John Mccartney and Michele J Everard. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:GRNT) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | SponsoredWe recommended Nvidia in 2016, now we’re recommending this…The AI boom is just getting started. And the real wealth has still to be made…Porter & Company | SponsoredNEW AI developed by trader who won 1,129% (in 2 days)Earlier this year one legendary trader captured a 1,129% win (in just 2 days) ... 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