Head to Head Review: Granite Ridge Resources (NYSE:GRNT) & Pilgrim Petroleum (OTCMKTS:PGPM)

Granite Ridge Resources (NYSE:GRNT) and Pilgrim Petroleum (OTCMKTS:PGPM) are both energy companies, but which is the superior business? We will contrast the two businesses based on the strength of their dividends, institutional ownership, risk, earnings, profitability, analyst recommendations and valuation.

Profitability

This table compares Granite Ridge Resources and Pilgrim Petroleum’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Granite Ridge Resources	7.47%	13.09%	7.89%
Pilgrim Petroleum	N/A	N/A	N/A

Analyst Recommendations

This is a breakdown of recent ratings and target prices for Granite Ridge Resources and Pilgrim Petroleum, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Granite Ridge Resources	0	2	1	0	2.33
Pilgrim Petroleum	0	0	0	0	0.00

Granite Ridge Resources currently has a consensus target price of $7.50, indicating a potential upside of 42.59%. Given Granite Ridge Resources’ stronger consensus rating and higher possible upside, analysts clearly believe Granite Ridge Resources is more favorable than Pilgrim Petroleum.

Volatility & Risk

Granite Ridge Resources has a beta of 0.34, meaning that its share price is 66% less volatile than the S&P 500. Comparatively, Pilgrim Petroleum has a beta of 1.04, meaning that its share price is 4% more volatile than the S&P 500.

Valuation & Earnings

This table compares Granite Ridge Resources and Pilgrim Petroleum”s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Granite Ridge Resources	$380.03 million	1.82	$18.76 million	$0.24	21.92
Pilgrim Petroleum	N/A	N/A	N/A	N/A	N/A

Granite Ridge Resources has higher revenue and earnings than Pilgrim Petroleum.

Insider & Institutional Ownership

31.6% of Granite Ridge Resources shares are owned by institutional investors. 8.5% of Granite Ridge Resources shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Summary

Granite Ridge Resources beats Pilgrim Petroleum on 9 of the 10 factors compared between the two stocks.

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.

About Pilgrim Petroleum

Pilgrim Petroleum Corporation, an oil and gas exploration and development company, engages in the acquisition, development, and operation of crude oil and natural gas properties with proven reserves in the United States. The company holds interests in various projects located in Northwest Texas; the Electra Rework prospect located in Wichita and Willbarger Counties, Texas; and the City National Bank Discovery Well prospect located in Archer County, Texas. It also provides services to small and medium exploration and development companies. The company was formerly known as BNP Petroleum Corp. and changed its name to Pilgrim Petroleum Corporation in July 2005. Pilgrim Petroleum Corporation was founded in 1997 and is headquartered in Addison, Texas.