What is Northland Securities’ Estimate for GRNT Q3 Earnings?

Granite Ridge Resources, Inc. (NYSE:GRNT) – Analysts at Northland Securities raised their Q3 2026 earnings estimates for Granite Ridge Resources in a research report issued to clients and investors on Thursday, July 23rd. Northland Securities analyst J. Grampp now expects that the company will post earnings per share of $0.19 for the quarter, up from their prior forecast of $0.15. Northland Securities has a “Outperform” rating and a $9.00 price target on the stock. The consensus estimate for Granite Ridge Resources’ current full-year earnings is $0.41 per share. Northland Securities also issued estimates for Granite Ridge Resources’ Q4 2026 earnings at $0.19 EPS, FY2026 earnings at $0.45 EPS and FY2027 earnings at $0.74 EPS.

GRNT has been the topic of a number of other research reports. Zacks Research cut Granite Ridge Resources from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Stephens reduced their price target on shares of Granite Ridge Resources from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Finally, Weiss Ratings downgraded shares of Granite Ridge Resources from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $10.00.

Granite Ridge Resources Trading Down 1.7%

Shares of GRNT opened at $4.84 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.93 and a current ratio of 0.93. Granite Ridge Resources has a 52-week low of $4.18 and a 52-week high of $6.14. The firm has a market cap of $639.06 million, a price-to-earnings ratio of -19.38 and a beta of 0.21. The business’s fifty day moving average is $4.80 and its 200-day moving average is $5.06.

Granite Ridge Resources (NYSE:GRNT) last released its earnings results on Thursday, May 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.07). The business had revenue of $128.26 million for the quarter, compared to the consensus estimate of $126.68 million. Granite Ridge Resources had a positive return on equity of 4.99% and a negative net margin of 7.13%.

Hedge Funds Weigh In On Granite Ridge Resources

A number of hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. lifted its stake in shares of Granite Ridge Resources by 264.2% in the second quarter. Osaic Holdings Inc. now owns 5,506 shares of the company’s stock worth $35,000 after acquiring an additional 3,994 shares during the period. EverSource Wealth Advisors LLC increased its position in Granite Ridge Resources by 2,398.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,721 shares of the company’s stock valued at $36,000 after purchasing an additional 5,492 shares during the period. First Horizon Corp acquired a new stake in Granite Ridge Resources during the 4th quarter valued at approximately $35,000. Tower Research Capital LLC TRC raised its holdings in Granite Ridge Resources by 103.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,133 shares of the company’s stock worth $58,000 after purchasing an additional 4,635 shares during the last quarter. Finally, Private Advisor Group LLC bought a new position in Granite Ridge Resources during the 1st quarter worth approximately $59,000. 31.56% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Granite Ridge Resources

In other Granite Ridge Resources news, CEO Tyler Farquharson acquired 10,000 shares of Granite Ridge Resources stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average price of $5.15 per share, with a total value of $51,500.00. Following the completion of the purchase, the chief executive officer directly owned 344,743 shares in the company, valued at $1,775,426.45. This trade represents a 2.99% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Matthew Reade Miller bought 18,180 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average cost of $5.21 per share, with a total value of $94,717.80. Following the completion of the transaction, the director owned 1,350,213 shares in the company, valued at $7,034,609.73. The trade was a 1.36% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 148,780 shares of company stock worth $798,208 in the last three months. 8.60% of the stock is currently owned by company insiders.

Granite Ridge Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date was Friday, May 29th. Granite Ridge Resources’s payout ratio is -176.00%.

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.