Capital One Financial Has Negative View of GRNT Q1 Earnings

Granite Ridge Resources, Inc. (NYSE:GRNT) – Investment analysts at Capital One Financial dropped their Q1 2026 EPS estimates for shares of Granite Ridge Resources in a report released on Wednesday, November 12th. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings of $0.12 per share for the quarter, down from their prior estimate of $0.15. The consensus estimate for Granite Ridge Resources’ current full-year earnings is $0.52 per share. Capital One Financial also issued estimates for Granite Ridge Resources’ Q2 2026 earnings at $0.12 EPS, Q3 2026 earnings at $0.14 EPS, Q4 2026 earnings at $0.14 EPS, FY2026 earnings at $0.51 EPS and FY2027 earnings at $0.51 EPS.

Other equities research analysts have also recently issued research reports about the stock. Zacks Research cut shares of Granite Ridge Resources from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Granite Ridge Resources in a report on Friday, October 31st. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Granite Ridge Resources has an average rating of “Hold” and a consensus target price of $8.00.

Granite Ridge Resources Stock Performance

Shares of Granite Ridge Resources stock opened at $5.20 on Friday. The business has a 50 day moving average price of $5.36 and a 200-day moving average price of $5.51. The company has a quick ratio of 1.32, a current ratio of 1.41 and a debt-to-equity ratio of 0.47. The company has a market cap of $681.84 million, a PE ratio of 18.55, a price-to-earnings-growth ratio of 2.01 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 posted its earnings results on Monday, September 11th. The company reported $0.61 earnings per share for the quarter. The company had revenue of $150.27 million for the quarter. Granite Ridge Resources had a net margin of 8.38% and a return on equity of 12.12%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GRNT. Bank of America Corp DE boosted its stake in shares of Granite Ridge Resources by 5,859.1% during the 2nd quarter. Bank of America Corp DE now owns 4,525,525 shares of the company’s stock valued at $28,828,000 after buying an additional 4,449,582 shares during the period. Nuveen LLC purchased a new stake in shares of Granite Ridge Resources during the 1st quarter worth about $5,860,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Granite Ridge Resources during the 1st quarter valued at about $2,235,000. American Century Companies Inc. grew its stake in shares of Granite Ridge Resources by 12.9% in the 3rd quarter. American Century Companies Inc. now owns 2,661,098 shares of the company’s stock valued at $14,397,000 after buying an additional 303,059 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in shares of Granite Ridge Resources by 9,246.6% in the 3rd quarter. Lazard Asset Management LLC now owns 299,091 shares of the company’s stock valued at $1,618,000 after buying an additional 295,891 shares in the last quarter. 31.56% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Granite Ridge Resources news, Director John Mccartney acquired 5,000 shares of the stock in a transaction dated Monday, August 18th. The shares were bought at an average price of $5.25 per share, with a total value of $26,250.00. Following the purchase, the director directly owned 82,117 shares of the company’s stock, valued at approximately $431,114.25. This trade represents a 6.48% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders bought a total of 10,574 shares of company stock worth $55,662 over the last ninety days. Company insiders own 8.50% of the company’s stock.

Granite Ridge Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, November 28th. This represents a $0.44 annualized dividend and a dividend yield of 8.5%. Granite Ridge Resources’s dividend payout ratio (DPR) is 157.14%.

Granite Ridge Resources Company Profile

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.