NYSE:GRNT Granite Ridge Resources (GRNT) Stock Price, News & Analysis → top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL) (From Traders Agency) (Ad) Free GRNT Stock Alerts $6.71 -0.02 (-0.30%) (As of 04/23/2024 ET) Add Compare Share Share Today's Range$6.71▼$6.8550-Day Range$5.67▼$6.8752-Week Range$5.00▼$8.14Volume325,710 shsAverage Volume402,805 shsMarket Capitalization$875.32 millionP/E Ratio11.00Dividend Yield6.56%Price Target$8.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Granite Ridge Resources alerts: Email Address Granite Ridge Resources MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside26.7% Upside$8.50 Price TargetShort InterestHealthy3.12% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares$57,190 Bought Last QuarterProj. Earnings Growth21.88%From $0.64 to $0.78 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.4.55 out of 5 starsOils/Energy Sector29th out of 234 stocksCrude Petroleum & Natural Gas Industry12th out of 73 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 2 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageGranite Ridge Resources has received no research coverage in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted3.12% 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 4.1.Change versus previous monthShort interest in Granite Ridge Resources has recently decreased by 8.47%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipGranite Ridge Resources is a leading dividend payer. It pays a dividend yield of 6.43%, 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 72.13%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Granite Ridge Resources will have a dividend payout ratio of 56.41% next year. This indicates that Granite Ridge Resources will be able to sustain or increase its 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 2.6 News and Social Media Coverage News SentimentGranite Ridge Resources has a news sentiment score of 0.61. 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 higher news sentiment than the 0.50 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 1 news article for Granite Ridge Resources this week, compared to 1 article on an average week.Search Interest8 people have searched for GRNT on MarketBeat in the last 30 days. This is an increase of 14% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Granite Ridge Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% 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 $57,190.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.40% 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. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Granite Ridge Resources are expected to grow by 21.88% in the coming year, from $0.64 to $0.78 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Granite Ridge Resources is 11.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.47.Price to Earnings Ratio vs. SectorThe P/E ratio of Granite Ridge Resources is 11.00, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 19.08.Price to Book Value per Share RatioGranite Ridge Resources has a P/B Ratio of 1.33. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Stansberry ResearchHow to camouflage a factory of 53,000 workers"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..." The former Goldman Sachs VP – who called everything from Microsoft's 1,100% surge... to the death of the 60/40 portfolio – is now stepping forward with his most explicit message yet: "Make this ONE STOCK the cornerstone of your portfolio."Get the full story here. 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 HeadlinesApril 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 24, 2024 | Paradigm Press (Ad)Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISYou might have seen that Bitcoin was one of the best performing assets of 2023. It gained 164%. But a crypto millionaire who has been tracking the space for more than a decade has ABANDONED Bitcoin. He found something better.April 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 possibleApril 24, 2024 | Paradigm Press (Ad)Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISYou might have seen that Bitcoin was one of the best performing assets of 2023. It gained 164%. But a crypto millionaire who has been tracking the space for more than a decade has ABANDONED Bitcoin. He found something better.March 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 2023March 7, 2024 | benzinga.comRecap: Granite Ridge Resources Q4 EarningsMarch 7, 2024 | businesswire.comGranite Ridge Resources, Inc. Reports Fourth Quarter and Full-Year 2023 Results and Provides Outlook for 2024March 6, 2024 | finance.yahoo.comGranite Ridge Resources Insiders Added US$806.0k Of Stock To Their HoldingsFebruary 23, 2024 | benzinga.comGranite Ridge Resources Stock (NYSE:GRNT), Quotes and News SummaryFebruary 18, 2024 | uk.finance.yahoo.comGranite Ridge Resources (NYSE:GRNT) Is Paying Out A Dividend Of $0.11February 16, 2024 | tmcnet.comGlancy Prongay & Murray LLP Announces Investigation of Granite Ridge Resources, Inc. (GRNT)February 16, 2024 | businesswire.comGlancy Prongay & Murray LLP Announces Investigation of Granite Ridge Resources, Inc. (GRNT)February 15, 2024 | businesswire.comGranite Ridge Resources Declares $0.11 Quarterly Cash DividendFebruary 3, 2024 | msn.comGranite Ridge Resources Furnishes Regulation FD DisclosureFebruary 2, 2024 | finance.yahoo.comGranite Ridge Resources Provides an Operational Update, Releases Select Preliminary Fourth-Quarter 2023 Results, and Schedules Earnings Results Conference Call for March 8, 2024, at 10:00 a.m. Central TimeDecember 30, 2023 | nasdaq.comGranite Ridge Resources, Inc. Common Stock (GRNT)December 23, 2023 | msn.comMellon Heritage Foundation completes purchase of North East's Granite RidgeSee 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 Dividend2/29/2024Last Earnings3/07/2024Dividend Payable3/15/2024Today4/24/2024Next Earnings (Confirmed)5/09/2024Fiscal 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$8.50 High Stock Price Target$9.00 Low Stock Price Target$8.00 Potential Upside/Downside+26.7%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.61 Trailing P/E Ratio11.00 Forward P/E Ratio10.48 P/E GrowthN/ANet Income$81.10 million Net Margins20.58% Pretax Margin26.79% Return on Equity16.35% Return on Assets11.98% Debt Debt-to-Equity Ratio0.16 Current Ratio2.44 Quick Ratio2.44 Sales & Book Value Annual Sales$394.07 million Price / Sales2.22 Cash Flow$1.99 per share Price / Cash Flow3.38 Book Value$5.05 per share Price / Book1.33Miscellaneous Outstanding Shares130,450,000Free Float128,623,000Market Cap$875.32 million OptionableOptionable Beta0.21 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesMr. Luke C. Brandenberg (Age 39)President & CEO Comp: $221.37kMr. Tyler S. Farquharson (Age 42)Chief Financial Officer Comp: $126.62kMs. Kimberly A. Weimer (Age 45)Chief Accounting Officer Mr. Michael G. OttVice President of Corporate Development & Investor RelationsMs. Emily Tubb FuquayCorporate SecretaryKey CompetitorsSilverBow ResourcesNYSE:SBOWVitesse EnergyNYSE:VTSBerryNASDAQ:BRYDiversified EnergyNYSE:DECVAALCO EnergyNYSE:EGYView All CompetitorsInsiders & InstitutionsHoward Financial Services LTD.Sold 17,000 shares on 4/16/2024Ownership: 0.027%DGS Capital Management LLCSold 1,662 shares on 4/15/2024Ownership: 0.011%Tyler FarquharsonBought 5,000 shares on 3/15/2024Total: $31,000.00 ($6.20/share)Matthew Reade MillerBought 3,250 shares on 3/14/2024Total: $20,150.00 ($6.20/share)Michele J EverardBought 1,000 shares on 3/12/2024Total: $6,040.00 ($6.04/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? 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Granite Ridge Resources in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street 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? 2 equities research analysts have issued 1 year target prices for Granite Ridge Resources' shares. Their GRNT share price targets range from $8.00 to $9.00. On average, they expect the company's stock price to reach $8.50 in the next twelve months. This suggests a possible upside of 26.7% 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 beginning of the year. Since then, GRNT stock has increased by 11.5% and is now trading at $6.71. View the best growth stocks for 2024 here. Are investors shorting Granite Ridge Resources? Granite Ridge Resources saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,620,000 shares, a drop of 8.5% from the March 15th total of 1,770,000 shares. Based on an average trading volume of 390,500 shares, the days-to-cover ratio is currently 4.1 days. Approximately 3.1% of the company's shares are sold short. 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, May 9th 2024. View our GRNT earnings forecast. How can I listen to Granite Ridge Resources' earnings call? Granite Ridge Resources will be holding an earnings conference call on Friday, May 10th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 800-770-2030 with passcode "4127559". How were Granite Ridge Resources' earnings last quarter? Granite Ridge Resources, Inc. (NYSE:GRNT) posted its quarterly earnings results on Thursday, March, 7th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The firm earned $106.80 million during the quarter. Granite Ridge Resources had a net margin of 20.58% and a trailing twelve-month return on equity of 16.35%. During the same quarter in the prior year, the company earned $0.38 EPS. How often does Granite Ridge Resources pay dividends? What is the dividend yield for Granite Ridge Resources? Granite Ridge Resources announced a quarterly dividend on Thursday, February 15th. Shareholders of record on Friday, March 1st will be given a dividend of $0.11 per share on Friday, March 15th. This represents a $0.44 annualized dividend and a yield of 6.56%. The ex-dividend date is Thursday, February 29th. 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 6.43%. 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 72.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GRNT will have a dividend payout ratio of 56.41% 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 Barrons 400 ETF (BFOR) and First Trust Natural Gas ETF (FCG).IQ Chaikin 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 Howard Financial Services LTD. (0.03%) and DGS Capital Management LLC (0.01%). 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. 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