Granite Ridge Resources, Inc (GRNT)

Market Cap	845.91M
Revenue (ttm)	391.76M
Net Income (ttm)	60.46M
Shares Out	130.74M
EPS (ttm)	0.45
PE Ratio	14.36
Forward PE	9.41
Dividend	$0.44 (6.81%)
Ex-Dividend Date	May 31, 2024

Volume	208,028
Open	6.50
Previous Close	6.46
Day's Range	6.45 - 6.52
52-Week Range	5.13 - 8.14
Beta	0.19
Analysts	Strong Buy
Price Target	8.60 (+33.13%)
Earnings Date	May 9, 2024

About GRNT

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.

• Industry: Oil & Gas Exploration & Production
• Sector: Energy
• Founded: 2013
• Employees: 2
• Stock Exchange: NYSE
• Ticker Symbol: GRNT

Financial Performance

In 2023, GRNT's revenue was $394.07 million, a decrease of -20.78% compared to the previous year's $497.42 million. Earnings were $81.10 million, a decrease of -69.09%.

Analyst Forecast

According to 4 analysts, the average rating for GRNT stock is "Strong Buy." The 12-month stock price forecast is $8.6, which is an increase of 33.13% from the latest price.

Price Target

$8.6

(33.13% upside)

Analyst Consensus: Strong Buy