Top-Rated Dividend StocksTop-Rated DividendNYSE:GRNT Granite Ridge Resources (GRNT) Stock Price, News & Analysis → “This will be one of the biggest revolutions ever.” - NVIDIA CEO (From Behind the Markets) (Ad) Free GRNT Stock Alerts $6.55 +0.01 (+0.15%) (As of 05/31/2024 ET) Add Compare Share Share Today's Range$6.55▼$6.7250-Day Range$6.20▼$6.8752-Week Range$5.20▼$8.14Volume1.39 million shsAverage Volume398,083 shsMarket Capitalization$856.35 millionP/E Ratio14.56Dividend Yield6.72%Price Target$8.45 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 RatingBuy3.00 Rating ScoreUpside/Downside29.0% Upside$8.45 Price TargetShort InterestBearish3.13% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.52Based on 3 Articles This WeekInsider TradingAcquiring Shares$111,455 Bought Last QuarterProj. Earnings Growth35.00%From $0.60 to $0.81 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.3.77 out of 5 starsOils/Energy Sector69th out of 239 stocksCrude Petroleum & Natural Gas Industry25th out of 74 stocks 3.5 Analyst's Opinion Consensus RatingGranite Ridge Resources has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageGranite Ridge Resources has only been the subject of 3 research reports in the past 90 days.Read more about Granite Ridge Resources' stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.13% 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 4.4.Change versus previous monthShort interest in Granite Ridge Resources has recently increased by 1.88%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend LeadershipGranite Ridge Resources is a leading dividend payer. It pays a dividend yield of 6.62%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGranite Ridge Resources has only been increasing its dividend for 1 years.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 54.32% 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 2.5 News and Social Media Coverage News SentimentGranite Ridge Resources has a news sentiment score of 0.52. 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 0.65 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Granite Ridge Resources this week, compared to 1 article on an average week.Search InterestOnly 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 Follows2 people have added Granite Ridge Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 100% 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 $111,455.00 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 2.5 Earnings and Valuation Earnings GrowthEarnings for Granite Ridge Resources are expected to grow by 35.00% in the coming year, from $0.60 to $0.81 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Granite Ridge Resources is 14.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.78.Price to Earnings Ratio vs. SectorThe P/E ratio of Granite Ridge Resources is 14.56, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 10.46.Price to Book Value per Share RatioGranite Ridge Resources has a P/B Ratio of 1.27. 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 Behind the Markets“This will be one of the biggest revolutions ever.” - NVIDIA CEONVIDIA's CEO calls it the "next amazing revolution"... The Economist says its a "boon to humanity"... And Jeff Bezos is heavily invested in it.A new breakthrough tech could add up to $20 trillion to the U.S. economy. 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 HeadlinesMay 24, 2024 | insidertrades.comInsider Buying: Granite Ridge Resources, Inc. (NYSE:GRNT) Director Buys 2,000 Shares of StockMay 15, 2024 | insidertrades.comGranite Ridge Resources, Inc. (NYSE:GRNT) CEO Luke C. Brandenberg Acquires 5,000 SharesMay 29 at 8:16 AM | americanbankingnews.comGranite Ridge Resources, Inc. (GRNT) To Go Ex-Dividend on May 31stMay 27, 2024 | finance.yahoo.comGranite Ridge Resources (NYSE:GRNT) Might Have The Makings Of A Multi-BaggerMay 26, 2024 | americanbankingnews.comInsider Buying: Granite Ridge Resources, Inc. (NYSE:GRNT) Director Buys $13,080.00 in StockMay 16, 2024 | msn.comRoth MKM Initiates Coverage of Granite Ridge Resources (GRNT) with Buy RecommendationMay 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 CallApril 4, 2024 | msn.comGranite Ridge Resources announces expansion of revolving credit facilityApril 4, 2024 | businesswire.comGranite Ridge Announces Expansion of Revolving Credit FacilityMarch 26, 2024 | finance.yahoo.comCalculating The Intrinsic Value Of Granite Ridge Resources, Inc. (NYSE:GRNT)March 18, 2024 | msn.comTellurian CEO Simões resigns; says sale is possibleMarch 16, 2024 | finance.yahoo.comGRNT Apr 2024 7.500 callMarch 11, 2024 | businesswire.comGranite Ridge Resources, Inc. to Participate in Water Tower Fireside Chat SeriesMarch 10, 2024 | finance.yahoo.comGranite Ridge Resources, Inc (NYSE:GRNT) Q4 2023 Earnings Call TranscriptMarch 8, 2024 | markets.businessinsider.comGranite Ridge Resources earnings: here's what Wall Street expectsMarch 8, 2024 | finance.yahoo.comGranite Ridge Resources Inc (GRNT) Reports Solid Production Growth and Financial Performance ...March 7, 2024 | investorplace.comGRNT Stock Earnings: Granite Ridge Resources Meets EPS, Beats Revenue for Q4 2023See 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 Ex-Dividend for 3/15 Dividend2/29/2024Dividend Payable3/15/2024Last Earnings5/09/2024Ex-Dividend for 6/14 Dividend5/31/2024Today6/01/2024Dividend Payable6/14/2024Next Earnings (Estimated)8/08/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorOils/Energy Industry Crude petroleum & natural gas Sub-IndustryN/A Current SymbolNYSE:GRNT CUSIPN/A CIK1928446 Webwww.graniteridge.com Phone214-396-2850FaxN/AEmployees2Year FoundedN/APrice Target and Rating Average Stock Price Target$8.45 High Stock Price Target$9.00 Low Stock Price Target$8.00 Potential Upside/Downside+29.0%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$0.45 Trailing P/E Ratio14.56 Forward P/E Ratio10.92 P/E GrowthN/ANet 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 / Sales2.17 Cash Flow$1.99 per share Price / Cash Flow3.29 Book Value$5.16 per share Price / Book1.27Miscellaneous Outstanding Shares130,740,000Free Float128,260,000Market Cap$856.35 million OptionableOptionable Beta0.20 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. 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 CompetitorsBlack Stone MineralsNYSE:BSMComstock ResourcesNYSE:CRKCalifornia ResourcesNYSE:CRCKosmos EnergyNYSE:KOSAtlas Energy SolutionsNYSE:AESIView All CompetitorsInsiders & InstitutionsGriffin PerryBought 2,000 shares on 5/23/2024Total: $13,080.00 ($6.54/share)Michele J EverardBought 1,000 shares on 5/20/2024Total: $6,620.00 ($6.62/share)Silvercrest Asset Management Group LLCBought 406,500 shares on 5/16/2024Ownership: 1.257%California State Teachers Retirement SystemBought 20,944 shares on 5/16/2024Ownership: 0.044%John MccartneyBought 500 shares on 5/16/2024Total: $3,315.00 ($6.63/share)View All Insider TransactionsView All Institutional Transactions GRNT Stock Analysis - Frequently Asked Questions Should I buy or sell Granite Ridge Resources stock right now? 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Granite Ridge Resources in the last twelve months. There are currently 1 hold rating, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GRNT shares. View GRNT analyst ratings or view top-rated stocks. What is Granite Ridge Resources' stock price target for 2024? 5 equities research analysts have issued 12-month price targets for Granite Ridge Resources' stock. Their GRNT share price targets range from $8.00 to $9.00. On average, they predict the company's stock price to reach $8.45 in the next year. This suggests a possible upside of 29.0% from the stock's current price. View analysts price targets for GRNT or view top-rated stocks among Wall Street analysts. How have GRNT shares performed in 2024? Granite Ridge Resources' stock was trading at $6.02 at the start of the year. Since then, GRNT stock has increased by 8.8% and is now trading at $6.55. View the best growth stocks for 2024 here. Are investors shorting Granite Ridge Resources? Granite Ridge Resources saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 1,600,000 shares, an increase of 5.3% from the April 15th total of 1,520,000 shares. Based on an average daily volume of 364,200 shares, the short-interest ratio is currently 4.4 days. Approximately 3.1% of the company's stock are short sold. View Granite Ridge Resources' Short Interest. When is Granite Ridge Resources' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 8th 2024. View our GRNT earnings forecast. How were Granite Ridge Resources' earnings last quarter? Granite Ridge Resources, Inc. (NYSE:GRNT) posted its quarterly earnings data on Thursday, May, 9th. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.13 by $0.01. The business had revenue of $89 million for the quarter. Granite Ridge Resources had a trailing twelve-month return on equity of 14.35% and a net margin of 15.43%. 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 Wednesday, May 15th. Investors of record on Friday, May 31st will be paid a dividend of $0.11 per share on Friday, June 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date is Friday, 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 6.62%. GRNT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 97.78%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, GRNT will have a dividend payout ratio of 54.32% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for GRNT. What ETFs hold Granite Ridge Resources' stock? ETFs with the largest weight of Granite Ridge Resources (NYSE:GRNT) stock in their portfolio include First Trust Natural Gas ETF (FCG).IQ U.S. Small Cap ETF (CSML). Who are Granite Ridge Resources' major shareholders? Granite Ridge Resources' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (1.29%), Silvercrest Asset Management Group LLC (1.26%), Crown Advisors Management Inc. (0.15%), Swiss National Bank (0.09%), Susquehanna Portfolio Strategies LLC (0.08%) and O Shaughnessy Asset Management LLC (0.04%). Insiders that own company stock include Grep Gp Iii, Llc, Griffin Perry, John Mccartney, Luke C Brandenberg, Matthew Reade Miller, Michele J Everard, Thaddeus Darden and Tyler Farquharson. 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 6/1/2024 by MarketBeat.com Staff From Our PartnersThe ONE AI Stock to own now. 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