GRNT FY2026 EPS Estimate Boosted by Capital One Financial

Granite Ridge Resources, Inc. (NYSE:GRNT) – Equities research analysts at Capital One Financial upped their FY2026 EPS estimates for shares of Granite Ridge Resources in a note issued to investors on Monday, August 11th. Capital One Financial analyst P. Johnston now forecasts that the company will earn $0.66 per share for the year, up from their previous estimate of $0.65. The consensus estimate for Granite Ridge Resources’ current full-year earnings is $0.52 per share.

Separately, Wall Street Zen downgraded shares of Granite Ridge Resources from a “buy” rating to a “hold” rating in a report on Saturday, July 12th.

Granite Ridge Resources Stock Performance

Shares of NYSE GRNT opened at $5.42 on Wednesday. The firm’s 50-day moving average price is $5.71 and its 200-day moving average price is $5.65. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.43. The company has a market cap of $711.38 million, a PE ratio of 22.58, a PEG ratio of 0.75 and a beta of 0.34. Granite Ridge Resources has a 52-week low of $4.52 and a 52-week high of $7.00.

Granite Ridge Resources (NYSE:GRNT) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The firm had revenue of $109.22 million for the quarter, compared to the consensus estimate of $109.69 million. Granite Ridge Resources had a net margin of 7.47% and a return on equity of 13.09%.

Granite Ridge Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 8.1%. The ex-dividend date is Friday, August 29th. Granite Ridge Resources’s payout ratio is currently 183.33%.

Insider Buying and Selling at Granite Ridge Resources

In other news, CEO Luke C. Brandenberg acquired 6,100 shares of the company’s stock in a transaction on Wednesday, June 4th. The stock was bought at an average cost of $5.80 per share, with a total value of $35,380.00. Following the completion of the purchase, the chief executive officer directly owned 157,267 shares of the company’s stock, valued at $912,148.60. This represents a 4.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew Reade Miller acquired 17,000 shares of the company’s stock in a transaction on Monday, June 16th. The shares were purchased at an average cost of $5.98 per share, with a total value of $101,660.00. Following the completion of the purchase, the director directly owned 1,261,877 shares of the company’s stock, valued at $7,546,024.46. This trade represents a 1.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 31,644 shares of company stock worth $184,723 in the last 90 days. 8.50% of the stock is currently owned by company insiders.

Institutional Trading of Granite Ridge Resources

A number of large investors have recently made changes to their positions in the stock. Hamilton Lane Advisors LLC lifted its stake in Granite Ridge Resources by 15.5% in the first quarter. Hamilton Lane Advisors LLC now owns 8,480,587 shares of the company’s stock worth $51,562,000 after acquiring an additional 1,139,430 shares during the period. Vanguard Group Inc. lifted its stake in Granite Ridge Resources by 11.0% in the fourth quarter. Vanguard Group Inc. now owns 4,234,276 shares of the company’s stock worth $27,353,000 after acquiring an additional 418,059 shares during the period. Georgetown University lifted its stake in Granite Ridge Resources by 26.6% in the fourth quarter. Georgetown University now owns 3,325,470 shares of the company’s stock worth $21,483,000 after acquiring an additional 697,823 shares during the period. American Century Companies Inc. lifted its stake in Granite Ridge Resources by 4.8% in the second quarter. American Century Companies Inc. now owns 2,358,039 shares of the company’s stock worth $15,021,000 after acquiring an additional 108,049 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Granite Ridge Resources by 45.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,460,485 shares of the company’s stock worth $9,432,000 after acquiring an additional 454,071 shares during the period. 31.56% of the stock is owned by hedge funds and other institutional investors.

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.