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: 0.67
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

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Granite Ridge Resources.

3.0

Short Interest

Percentage of Shares Shorted
0.40% of the float of Granite Ridge Resources has been sold short.
Short Interest Ratio / Days to Cover
Granite 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

2.5

Dividend Strength

Dividend Leadership
Granite Ridge Resources is a leading dividend payer. It pays a dividend yield of 7.37%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Granite Ridge Resources does not have a long track record of dividend growth.
Dividend Sustainability
Based 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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GRNT.

2.0

News and Social Media Coverage

News Sentiment
Granite Ridge Resources has a news sentiment score of 0.67. 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 Week
MarketBeat has tracked 3 news articles for Granite Ridge Resources this week, compared to 2 articles on an average week.
Search Interest
Only 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.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Granite Ridge Resources insiders have bought more of their company's stock than they have sold. Specifically, they have bought $72,966.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.40% of the stock of Granite Ridge Resources is held by insiders.

1.3

Earnings and Valuation

Earnings Growth
Earnings 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 Ratio
Granite Ridge Resources has a P/B Ratio of 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

June 7, 2023 | americanbankingnews.com

Granite Ridge Resources (NYSE:GRNT) Stock Price Up 8.6%

May 27, 2023 | msn.com

Tuesday Is Your Last Chance To Buy Granite Ridge Resources Before The Dividend Payout

June 8, 2023 | Edge On The Street (Ad)

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.

May 27, 2023 | americanbankingnews.com

Insider Buying: Granite Ridge Resources, Inc. (NYSE:GRNT) CEO Acquires $56,700.00 in Stock

May 26, 2023 | americanbankingnews.com

Luke C. Brandenberg Purchases 10,000 Shares of Granite Ridge Resources, Inc. (NYSE:GRNT) Stock

May 26, 2023 | americanbankingnews.com

Granite Ridge Resources (NYSE:GRNT) Shares Gap Up Following Dividend Announcement

May 25, 2023 | finanznachrichten.de

GRANITE RIDGE RESOURCES INC

May 25, 2023 | wsj.com

Granite Ridge Resources Inc.

June 8, 2023 | Edge On The Street (Ad)

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.

May 25, 2023 | americanbankingnews.com

Granite Ridge Resources, Inc. (GRNT) to Issue Quarterly Dividend of $0.11 on June 15th

May 24, 2023 | msn.com

Granite Ridge Resources Inc - (GRNT) Declares $0.11 Dividend

May 24, 2023 | americanbankingnews.com

Granite Ridge Resources (NYSE:GRNT) Sees Unusually-High Trading Volume

May 23, 2023 | businesswire.com

Granite Ridge Resources, Inc. Set to Join Russell 3000 ® Index

May 22, 2023 | seekingalpha.com

Granite Ridge Resources declares $0.11 dividend

May 22, 2023 | finance.yahoo.com

With 84% ownership of the shares, Granite Ridge Resources, Inc. (NYSE:GRNT) is heavily dominated by institutional owners

May 19, 2023 | seekingalpha.com

AMTX, BANL among Energy/Materials gainers; NRT, GRNT among losers

May 19, 2023 | finance.yahoo.com

Granite Ridge Resources, Inc. Announces Commencement of Exchange Offer and Consent Solicitation Relating to Warrants

May 19, 2023 | americanbankingnews.com

Q2 2023 Earnings Estimate for Granite Ridge Resources, Inc. (NYSE:GRNT) Issued By Capital One Financial

May 14, 2023 | finance.yahoo.com

Granite Ridge Resources, Inc. (GRNT)

May 13, 2023 | investing.com

Granite Ridge Resources Inc (GRNT)

May 11, 2023 | finance.yahoo.com

Granite Ridge Resources Inc. Reports First-Quarter 2023 Results and Provides Updated Outlook for 2023

May 10, 2023 | americanbankingnews.com

Critical Contrast: Granite Ridge Resources (NYSE:GRNT) and Diamondback Energy (NASDAQ:FANG)

May 10, 2023 | americanbankingnews.com

Granite Ridge Resources (GRNT) Scheduled to Post Earnings on Thursday

May 3, 2023 | americanbankingnews.com

Granite Ridge Resources (NYSE:GRNT) Shares Gap Up to $5.68

April 26, 2023 | americanbankingnews.com

Capital One Financial Weighs in on Granite Ridge Resources, Inc.'s Q1 2023 Earnings (NYSE:GRNT)

April 12, 2023 | americanbankingnews.com

Capital One Financial Analysts Raise Earnings Estimates for Granite Ridge Resources, Inc. (NYSE:GRNT)

March 31, 2023 | americanbankingnews.com

Granite Ridge Resources, Inc. to Post Q4 2023 Earnings of $0.31 Per Share, Capital One Financial Forecasts (NYSE:GRNT)

See More Headlines

GRNT Price History

30 days | 90 days | 365 days | Advanced Chart

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

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSE:GRNT
CUSIP: N/A
CIK: 1928446
Web: www.graniteridge.com
Phone: 214-396-2850
Fax: N/A
Employees: 2
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $262.34 million
Net Margins: N/A
Pretax Margin: 97.50%
Return on Equity: 25.15%
Return on Assets: 16.80%

Debt

Debt-to-Equity Ratio: 0.04
Current Ratio: 1.60
Quick Ratio: 1.60

Sales & Book Value

Annual Sales: $497.42 million
Price / Sales: 1.62
Cash Flow: $2.65 per share
Price / Cash Flow: 2.29
Book Value: $4.67 per share
Price / Book: 1.30

Miscellaneous

Outstanding Shares: 133,040,000
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.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View 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 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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