Granite Ridge Resources, Inc (GRNT)
$
6.08
-0.12 (-1.97%)
Key metrics
Financial statements
Technology
Technology – consumer electronics
Largecap
With a market cap of 121,78 bil stock is ranked 1
Low risk
ISS score of this stock is ranked 1
Company description
Profile
Granite Ridge Resources, Inc. manages private funds with interests in areas of the Midland, Delaware, Bakken, Eagle Ford, DJ, and Haynesville play, focusing on oil and gas exploration and production. The company reported selling, general, and administrative expenses of $24,649,000.00 indicating its operational overhead costs. In terms of its financial standing, the net total of other income and expenses is -$34,290,000.00 reflecting non-core financial activities that impact its overall profitability. Additionally, the operating expenses amount to $294,767,000.00 encompassing various operational costs incurred during its activities. The company reported depreciation and amortization expenses of $176,529,000.00 which reflect the wear and tear of its assets over time, underscoring the importance of asset management within its operations. The weighted average number of shares outstanding is 130,189,000.00 highlighting the company's shareholder base and its engagement with investors who are interested in the firm’s growth and strategies. Looking at its market positioning, the stock is affordable at $6.17 suitable for budget-conscious investors looking to enter the market. However, it is important to note that the stock has a low average trading volume of 427,483.00 indicating lower market activity, which might affect liquidity. With a market capitalization of $795,343,034.00 the company is classified as a small-cap player, making it a notable entity among smaller firms within the sector. As a key player in the Oil & Gas Exploration & Production industry, Granite Ridge Resources contributes significantly to the overall market landscape, driving innovation and growth. It belongs to the Energy sector, underscoring its role in fostering advancements within its field and appealing to investors focused on long-term potential and industry impact.
Is Granite Ridge Resources, Inc (GRNT) a good investment?
Investing in Granite Ridge Resources, Inc (GRNT) depends on multiple factors, including revenue growth, profit margins, debt-to-equity ratio, earnings per share, and return on equity. Analysts have rated it as B+, with a Bullish outlook. Always conduct your own research before investing.
What is Granite Ridge Resources, Inc (GRNT)'s stock forecast?
Analysts predict Granite Ridge Resources, Inc stock to fluctuate between $5.27 (low) and $7.10 (high) in the next 365 days, reflecting market expectations and potential volatility.
What is Granite Ridge Resources, Inc's market capitalization?
As of 2025-04-02, Granite Ridge Resources, Inc's market cap is $795,343,034, based on 130,812,999 outstanding shares.
How does Granite Ridge Resources, Inc compare to competitors like Meta Platforms, Inc. Class A Common Stock?
Compared to Meta Platforms, Inc. Class A Common Stock, Granite Ridge Resources, Inc has a Lower Market-Cap, indicating a difference in performance.
Does Granite Ridge Resources, Inc pay dividends?
Granite Ridge Resources, Inc pays dividends. The current dividend yield is 7.50%, with a payout of $0.11 per share.
How can I buy Granite Ridge Resources, Inc (GRNT) stock?
To buy Granite Ridge Resources, Inc (GRNT) stock: Open a brokerage account (e.g., Robinhood, TD Ameritrade, E-Trade). Search for GRNT. Place an order (Market, Limit, etc.).
What is the best time to invest in Granite Ridge Resources, Inc?
The best time to invest depends on market trends and technical indicators, which show a Bullish trend based on economic conditions and company performance.
Has Granite Ridge Resources, Inc stock ever split?
Granite Ridge Resources, Inc's last stock split was 2499:1000 on 2021-03-26.
How did Granite Ridge Resources, Inc perform in the last earnings report?
Revenue: $380,030,000 | EPS: $0.15 | Growth: -75.41%.
Where can I find Granite Ridge Resources, Inc's investor relations reports?
Visit /investor-relations for detailed financial reports.
Where can I find historical stock prices for Granite Ridge Resources, Inc?
You can explore historical data from here
What is the all-time high and low for Granite Ridge Resources, Inc stock?
All-time high: $14 (2022-10-26) | All-time low: $4.82 (2023-03-24).
What are the key trends affecting Granite Ridge Resources, Inc stock?
Key trends include market demand, economic conditions, interest rates, and industry competition, which influence the stock's performance.
News
zacks.com
2 days ago
Granite Ridge Resources, Inc. (GRNT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
seekingalpha.com
a month ago
Granite Ridge Resources, Inc. (NYSE:GRNT ) Q4 2024 Earnings Conference Call March 7, 2025 11:00 AM ET Company Participants James Masters - IR Representative Luke Brandenberg - President and CEO Tyler Farquharson - CFO Conference Call Participants Michael Scialla - Stephens Derrick Whitfield - Texas Capital Noah Hungness - Bank of America John White - ROTH Capital Chris Baker - Evercore ISI Operator Good morning, and welcome everyone to Granite Ridge Resources Fourth Quarter and Full Year 2024 Earnings Conference Call. Currently, all participants are in listen-only mode.
zacks.com
a month ago
Granite Ridge Resources, Inc. (GRNT) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.20 per share a year ago.
businesswire.com
a month ago
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (NYSE: GRNT) (“Granite Ridge” or the “Company”) today reported financial and operating results for the fourth quarter and full-year 2024 and provided initial guidance for 2025. Fourth Quarter 2024 Highlights Increased total production by 7% to 27,734 Boe/day (53% oil) driven by a 20% increase in oil production Reported Net Loss of $11.6 million, or $(0.09) per share, and Adjusted Net Income (non-GAAP) of $22.7 million, or $0.17 per diluted.
zacks.com
a month ago
Granite Ridge Resources, Inc. (GRNT) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
zacks.com
a month ago
Granite Ridge Resources, Inc. (GRNT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
seekingalpha.com
2 months ago
The 'Undercovered' Dozen series highlights 12 lesser-covered stocks, offering fresh investment ideas and fostering discussion among investors. Standout stocks include Byrna Technologies, Granite Ridge Resources, and Centrus Energy, each with unique growth potential and strategic advantages. Applied Materials and Dun & Bradstreet present attractive long-term opportunities, despite recent market reactions and takeover rumors.
businesswire.com
2 months ago
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced that its Board of Directors declared a regular quarterly dividend of $0.11 per share payable on March 14, 2025 to shareholders of record as of February 28, 2025. Future declarations of dividends are subject to approval by the Board of Directors. Fourth Quarter 2024 Earnings Conference Call Granite Ridge will report its financial and operating results for the fourth quarter of 2.
seekingalpha.com
2 months ago
Granite Ridge insiders purchased approximately 117,000 shares at an average price of $6.31 per share. There was also reported acquisition interest from Northern Oil and Gas, although Northern then indicated there were no current negotiations. Granite Ridge's projected 2025 free cash flow has improved a bit since I last looked at it.
zacks.com
3 months ago
Asure Software, Granite Ridge Resources, and Priority Technology Holdings have been selected as the breakout stocks for today.
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