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Granite Ridge Resources (GRNT)
NYSE:GRNT
Granite Ridge Resources (GRNT) Stock Price & Analysis
66 Followers
GRNT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$4.79 - $7.78
Previous Close$6.46
Volume478.17K
Average Volume (3M)370.30K
Market Cap
$844.61M
Enterprise Value$893.75M
Total Cash (Recent Filing)$60.86M
Total Debt (Recent Filing)$110.00M
Price to Earnings (P/E)14.2
Beta0.19
Next Earnings
Aug 08, 2024EPS Estimate
$0.15Next Dividend Ex-Date
May 31, 2024Dividend Yield6.64%
Share Statistics
EPS (TTM)0.46
Shares Outstanding130,743,952
10 Day Avg. Volume445,507
30 Day Avg. Volume370,295
Standard Deviation0.11
R-Squared0.10
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)1.25
Price to Sales (P/S)2.14
Price to Cash Flow (P/CF)2.30
P/FCF Ratio10.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.27
Enterprise Value/Gross Profit2.27
Enterprise Value/Ebitda4.38
Forecast
1Y Price Target
$8.40Price Target Upside30.03% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Granite Ridge Resources News
PremiumCompany Announcements
Granite Ridge Resources Unveils New Investor Presentation
PremiumCompany Announcements
Granite Ridge Resources Bolsters Financial Standing with Credit Enhancements
PremiumCompany Announcements
Granite Ridge Prioritizes Transparency with Investor PresentationBulls Say, Bears Say
Bulls Say
Dividend YieldGranite Ridge Resources, Inc. stands out with its strong and sustainable dividend yield, outpacing the average of its peer group.
Financial HealthGranite Ridge Resources, Inc. maintains a solid financial standing with low debt levels, illustrated by a Debt/EBITDA ratio of just 0.5x.
Production GrowthGranite Ridge Resources, Inc. demonstrates a robust history of increasing its output, showcasing a 51% rise in overall production.
Bears Say
Dividend SustainabilityDownside commodity price volatility and significant reinvestment needs may pressure the sustainability of GRNT's dividend.
Market CompetitionGRNT is attempting to gain scale, build relevancy, and reduce the cost of capital in a highly competitive market context.
Valuation ConcernsThe market will need to see more tangible evidence of success before assigning a higher valuation.
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Ownership Overview
35.29% Insiders
2.11% Mutual Funds
25.71% Other Institutional Investors
36.89% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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GRNT FAQ
What was Granite Ridge Resources’s price range in the past 12 months?
Granite Ridge Resources lowest stock price was $4.79 and its highest was $7.78 in the past 12 months.
What is Granite Ridge Resources’s market cap?
Currently, no data Available
When is Granite Ridge Resources’s upcoming earnings report date?
Granite Ridge Resources’s upcoming earnings report date is Aug 08, 2024 which is in 83 days.
How were Granite Ridge Resources’s earnings last quarter?
Granite Ridge Resources released its earnings results on May 09, 2024. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.105 by $0.015.
Is Granite Ridge Resources overvalued?
According to Wall Street analysts Granite Ridge Resources’s price is currently Undervalued.
Does Granite Ridge Resources pay dividends?
Granite Ridge Resources pays a Quarterly dividend of $0.11 which represents an annual dividend yield of 6.64%. See more information on Granite Ridge Resources dividends here
What is Granite Ridge Resources’s EPS estimate?
Granite Ridge Resources’s EPS estimate is $0.15.
How many shares outstanding does Granite Ridge Resources have?
Granite Ridge Resources has 130,743,960 shares outstanding.
What happened to Granite Ridge Resources’s price movement after its last earnings report?
Granite Ridge Resources reported an EPS of $0.12 in its last earnings report, beating expectations of $0.105. Following the earnings report the stock price went down -3.647%.
Which hedge fund is a major shareholder of Granite Ridge Resources?
Among the largest hedge funds holding Granite Ridge Resources’s share is Woodline Partners LP. It holds Granite Ridge Resources’s shares valued at 7M.
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Granite Ridge Resources Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$8.40 (30.03% Upside)
$8.40 (30.03% Upside)
Blogger Sentiment
Bullish
GRNT Sentiment 100%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Decreased
By 13.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $176.9K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.3%
Last 30 Days ▲ 16.1%
Last 30 Days ▲ 16.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
27.92%
12-Months-Change
Fundamentals
Return on Equity
9.15%
Trailing 12-Months
Asset Growth
12.92%
Trailing 12-Months
Company Description
Granite Ridge Resources
Executive Network Partnering Corp is a blank check company.
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GRNT Earnings Call
Q1 2024
0:00 / 0:00
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GRNT Stock 12 Month Forecast
Average Price Target
$8.40
▲(30.03% Upside)
Technical Analysis
Best Analysts Covering GRNT
1 Year
1 Year Success Rate
2/2 ratings generated profit
1 Year Average Return
+15.15%
reiterated a buy rating 3 months ago
Copying John Abbott's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +15.15% per trade.
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