Granite Ridge Resources (NYSE:GRNT – Get Free Report) will be releasing its earnings data after the market closes on Thursday, May 9th. Analysts expect Granite Ridge Resources to post earnings of $0.13 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.
Granite Ridge Resources (NYSE:GRNT – Get Free Report) last announced its earnings results on Thursday, March 7th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $106.80 million during the quarter. Granite Ridge Resources had a net margin of 20.58% and a return on equity of 16.35%. During the same quarter in the prior year, the firm posted $0.38 earnings per share. On average, analysts expect Granite Ridge Resources to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Granite Ridge Resources Stock Up 3.3 %
NYSE:GRNT opened at $6.66 on Tuesday. The company’s 50 day moving average is $6.42 and its two-hundred day moving average is $6.09. The company has a market cap of $868.79 million, a PE ratio of 10.92 and a beta of 0.20. Granite Ridge Resources has a twelve month low of $5.00 and a twelve month high of $8.14. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.16.
Granite Ridge Resources Dividend Announcement
Insider Activity at Granite Ridge Resources
In related news, CFO Tyler Farquharson purchased 5,000 shares of Granite Ridge Resources stock in a transaction on Friday, March 15th. The shares were bought at an average price of $6.20 per share, with a total value of $31,000.00. Following the transaction, the chief financial officer now directly owns 68,037 shares of the company’s stock, valued at $421,829.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders acquired 9,250 shares of company stock worth $57,190. Corporate insiders own 1.40% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Evercore ISI began coverage on shares of Granite Ridge Resources in a research report on Monday, April 29th. They issued an “in-line” rating and a $8.00 price objective for the company.
Get Our Latest Stock Report on GRNT
About Granite Ridge Resources
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.
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