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

Company Overview

Granite Ridge Resources, Inc. (NYSE:GRNT) is an independent oil and natural gas exploration and production company focused primarily on non-operated assets. Rather than serving as the primary operator of most properties, the company invests alongside established exploration and production companies and participates in the development of unconventional wells.

The company’s portfolio includes interests in producing properties, undeveloped acreage and mineral assets across several major U.S. oil and gas regions. Its activities are concentrated in onshore shale and resource plays, including the Permian, Eagle Ford, Bakken, Haynesville and DJ basins. Granite Ridge generates production from oil, natural gas and natural gas liquids and seeks to diversify its asset base across operators, basins and development programs.

Granite Ridge became a publicly traded company in 2022 through a business combination with Executive Network Partnering Corporation. The company is headquartered in Dallas, Texas, and its strategy emphasizes acquiring and managing a diversified portfolio of non-operated interests while relying on partner operators for drilling, completion and field operations.

Key Stats

• Today's Range: $4.41 to $4.62
• 50-Day Range: $4.45 to $5.33
• 52-Week Range: $4.18 to $6.14
• Volume: 1.39 million shs
• Average Volume: 1.61 million shs
• Market Capitalization: $586.30 million
• P/E Ratio: N/A
• Dividend Yield: 9.90%
• Price Target: $10.00
• Consensus Rating: Moderate Buy

Granite Ridge Resources Stock Analysis - MarketRank™

Granite Ridge Resources scored higher than 99% of companies evaluated by MarketBeat, and ranked 4th out of 253 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.1 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Granite Ridge Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 1 strong buy rating, 2 buy ratings, 1 hold rating, and 1 sell rating.

Upside Potential

Granite Ridge Resources has a consensus price target of $10.00, representing about 125.0% upside from its current price of $4.45.

Amount of Analyst Coverage

Granite Ridge Resources has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 93.02%

Earnings Growth

Earnings for Granite Ridge Resources are expected to grow by 93.02% in the coming year, from $0.43 to $0.83 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Granite Ridge Resources is -21.17, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Granite Ridge Resources is -21.17, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Granite Ridge Resources has a P/B Ratio of 0.96. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.94% 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 2.95, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Granite Ridge Resources has recently increased by 17.73%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Granite Ridge Resources is a leading dividend payer. It pays a dividend yield of 9.91%, 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 53.01% next year. This indicates that Granite Ridge Resources will be able to sustain or increase its dividend.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.29

News Sentiment

Granite Ridge Resources has a news sentiment score of 0.29. 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 lower news sentiment than the 0.67 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Granite Ridge Resources this week, compared to 3 articles on an average week.

Search Interest

Only 4 people have searched for GRNT on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

MarketBeat Follows

3 people have added Granite Ridge Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 4.3 / 5
• Insider Trading: Acquiring Shares

Cluster Insider Buying

4 insiders have purchased shares of Granite Ridge Resources in the last three months. Multiple insiders buying is a strong bullish signal.

Net Insider Buying

Over the last three months, insiders have purchased a net $120,800.00 in company stock, which represents 0.0206% of the company's market cap.

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 $120,800.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

8.60% of the stock of Granite Ridge Resources is held by insiders.

Percentage Held by Institutions

31.56% of the stock of Granite Ridge Resources is held by institutions.

Company Calendar

• Last Earnings: 8/06/2026
• Record date for 9/14 Dividend: 8/28/2026
• Ex-Dividend for 9/14 Dividend: 8/28/2026
• Dividend Payable: 9/14/2026
• Today: 9/27/2026
• Next Earnings (Estimated): 11/05/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Energy
• Industry: Oil, Gas & Consumable Fuels
• Sub-Industry: Oil & Gas Exploration & Production
• Current Symbol: NYSE:GRNT
• CIK: 1928446
• Web: www.graniteridge.com
• Phone: 214-396-2850
• Fax: N/A
• Employees: 6
• Year Founded: 2022

Price Target and Rating

• Average Price Target for Granite Ridge Resources: $10.00
• High Price Target: $11.00
• Low Price Target: $9.00
• Potential Upside/Downside: +125.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.21)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 10.34
• P/E Growth: N/A
• Net Income: $24.35 million
• Net Margins: -5.56%
• Pretax Margin: -7.11%
• Return on Equity: 4.67%
• Return on Assets: 2.33%

Debt

• Debt-to-Equity Ratio: 0.76
• Current Ratio: 1.02
• Quick Ratio: 1.02

Sales & Book Value

• Annual Sales: $450.31 million
• Price / Sales: 1.30
• Cash Flow: $2.09 per share
• Price / Cash Flow: 2.13
• Book Value: $4.62 per share
• Price / Book: 0.96

Miscellaneous

• Outstanding Shares: 131,900,000
• Free Float: 120,557,000
• Market Cap: $586.30 million
• Optionable: Optionable
• Beta: 0.21