Granite Ridge Resources, Inc (GRNT)

Market Cap	841.34M
Revenue (ttm)	394.07M
Net Income (ttm)	81.10M
Shares Out	130.74M
EPS (ttm)	0.61
PE Ratio	10.58
Forward PE	10.32
Dividend	$0.44 (6.84%)
Ex-Dividend Date	Feb 29, 2024

Volume	266,508
Open	6.64
Previous Close	6.71
Day's Range	6.36 - 6.64
52-Week Range	5.00 - 8.14
Beta	0.20
Analysts	Strong Buy
Price Target	9.00 (+39.86%)
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 2 analysts, the average rating for GRNT stock is "Strong Buy." The 12-month stock price forecast is $9.0, which is an increase of 39.86% from the latest price.

Price Target

$9.0

(39.86% upside)

Analyst Consensus: Strong Buy