NYSE:GRNT Granite Ridge Resources (GRNT) Stock Price, News & Analysis → The AI Defense Stock Set to Soar (From Behind the Markets) (Ad) Free GRNT Stock Alerts $6.43 +0.15 (+2.39%) (As of 12:52 PM ET) Add Compare Share Share Today's Range$6.30▼$6.4350-Day Range$5.29▼$6.4652-Week Range$5.00▼$8.14Volume150,945 shsAverage Volume405,949 shsMarket Capitalization$838.79 millionP/E Ratio10.54Dividend Yield6.84%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/Downside33.2% Upside$8.50 Price TargetShort InterestHealthy3.31% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.29Based on 7 Articles This WeekInsider TradingAcquiring Shares$57,190 Bought Last QuarterProj. Earnings Growth41.51%From $0.53 to $0.75 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.4.74 out of 5 starsOils/Energy Sector18th out of 242 stocksCrude Petroleum & Natural Gas Industry8th out of 75 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.Price Target Upside/DownsideAccording to analysts' consensus price target of $8.50, Granite Ridge Resources has a forecasted upside of 33.2% from its current price of $6.38.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 Shorted3.31% 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 7.33%, 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 7.10%, 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 58.67% 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 2.9 News and Social Media Coverage News SentimentGranite 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 0.57 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 7 news articles 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 100% compared to the previous 30 days.MarketBeat Follows5 people have added Granite Ridge Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 150% 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 41.51% in the coming year, from $0.53 to $0.75 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Granite Ridge Resources is 10.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.85.Price to Earnings Ratio vs. SectorThe P/E ratio of Granite Ridge Resources is 10.46, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 18.86.Price to Book Value per Share RatioGranite Ridge Resources has a P/B Ratio of 1.26. 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 Gold Safe ExchangeTrump’s “Tax Free” Retirement Strategy Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.Protect your retirement savings from the inevitable devaluation of the dollar… 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 HeadlinesMarch 19, 2024 | insidertrades.comInsider Buying: Granite Ridge Resources, Inc. (NYSE:GRNT) Director Purchases 3,250 Shares of StockMarch 27, 2024 | americanbankingnews.comBrokers Issue Forecasts for Granite Ridge Resources, Inc.'s Q1 2024 Earnings (NYSE:GRNT)March 28, 2024 | Behind the Markets (Ad)The AI Defense Stock Set to SoarTo protect our interests, The Pentagon has partnered with this small AI defense contractor - creating some of the most powerful AI defenses ever made.March 26, 2024 | finance.yahoo.comCalculating The Intrinsic Value Of Granite Ridge Resources, Inc. (NYSE:GRNT)March 19, 2024 | americanbankingnews.comGranite Ridge Resources, Inc. (NYSE:GRNT) CFO Tyler Farquharson Buys 5,000 SharesMarch 19, 2024 | americanbankingnews.comGranite Ridge Resources, Inc. (NYSE:GRNT) Director Matthew Reade Miller Purchases 3,250 Shares of StockMarch 18, 2024 | msn.comTellurian CEO Simões resigns; says sale is possibleMarch 18, 2024 | americanbankingnews.comGranite Ridge Resources, Inc. (NYSE:GRNT) Short Interest UpdateMarch 28, 2024 | Behind the Markets (Ad)The AI Defense Stock Set to SoarTo protect our interests, The Pentagon has partnered with this small AI defense contractor - creating some of the most powerful AI defenses ever made.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 Payable3/15/2024Today3/28/2024Next Earnings (Estimated)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+35.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.61 Trailing P/E Ratio10.30 Forward P/E Ratio11.85 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 / Sales2.08 Cash Flow$2.05 per share Price / Cash Flow3.07 Book Value$5.05 per share Price / Book1.24Miscellaneous Outstanding Shares130,450,000Free Float128,623,000Market Cap$819.23 million OptionableOptionable Beta0.20 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. 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 CompetitorsVAALCO EnergyNYSE:EGYVitesse EnergyNYSE:VTSRiley Exploration PermianNYSE:REPXBerryNASDAQ:BRYTETRA TechnologiesNYSE:TTIView All CompetitorsInsiders & InstitutionsTyler 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)Vanguard Group Inc.Bought 29,172 shares on 3/11/2024Ownership: 1.230%Goldman Sachs Group Inc.Bought 149,425 shares on 3/1/2024Ownership: 0.138%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 equities 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 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? 2 analysts have issued 1-year price objectives for Granite Ridge Resources' shares. Their GRNT share price targets range from $8.00 to $9.00. On average, they anticipate the company's share price to reach $8.50 in the next twelve months. This suggests a possible upside of 33.2% 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 shares have increased by 6.0% and is now trading at $6.38. View the best growth stocks for 2024 here. Are investors shorting Granite Ridge Resources? Granite Ridge Resources saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 1,770,000 shares, a decline of 7.3% from the February 29th total of 1,910,000 shares. Based on an average trading volume of 436,200 shares, the short-interest ratio is presently 4.1 days. Currently, 3.3% 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, May 9th 2024. View our GRNT earnings forecast. How were Granite Ridge Resources' earnings last quarter? Granite Ridge Resources, Inc. (NYSE:GRNT) posted its earnings results on Thursday, March, 7th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. The firm had revenue of $106.80 million for 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 previous year, the firm earned $0.38 earnings per share. 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. Investors of record on Friday, March 1st will be paid a dividend of $0.11 per share on Friday, March 15th. This represents a $0.44 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date of this dividend 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 7.10%. 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 58.67% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for GRNT. Who are Granite Ridge Resources' major shareholders? Granite Ridge Resources' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Georgetown University (1.98%), Northwestern University (1.88%), Vanguard Group Inc. (1.23%), Vanguard Group Inc. (1.23%), Nuveen Asset Management LLC (0.60%) and Northern Trust Corp (0.20%). 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 3/28/2024 by MarketBeat.com Staff From Our PartnersGrab Your Free Bitcoin Today!Crypto Swap ProfitsTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academy“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisorySHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceBuy this small stock before coming AI Tidal WaveChaikin AnalyticsThe 3rd Revolution in WarfareWeiss Ratings Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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