Granite Ridge Resources, Inc (GRNT)
NYSE: GRNT · IEX Real-Time Price · USD
6.79
+0.18 (2.72%)
Apr 18, 2024, 4:00 PM EDT - Market closed
Granite Ridge Resources Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for GRNT stock has a target of 9.00, which predicts an increase of 32.55% from the current stock price of 6.79.
Analyst Consensus: Strong Buy
* Price targets were last updated on Nov 7, 2023.
Analyst Ratings
The average analyst rating for GRNT stock from 2 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|
| Strong Buy | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 |
| Total | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Strong Buy Initiates $9 | Strong Buy | Initiates | $9 | +32.55% | Nov 7, 2023 |
| Stephens & Co. | Stephens & Co. | Buy Initiates n/a | Buy | Initiates | n/a | n/a | Sep 27, 2023 |
Financial Forecast
Revenue This Year
455.99M
from 394.07M
Increased by 15.71%
Revenue Next Year
410.30M
from 455.99M
Decreased by -10.02%
EPS This Year
1.00
from 0.61
Increased by 63.32%
EPS Next Year
0.60
from 1.00
Decreased by -39.93%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 429.5M | 483.5M |
| Avg | 410.3M | 453.7M |
| Low | 387.6M | 420.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 9.0% | 17.8% |
| Avg | 4.1% | 10.6% |
| Low | -1.6% | 2.5% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 0.67 | 0.84 |
| Avg | 0.60 | 0.72 |
| Low | 0.54 | 0.53 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 10.2% | 40.4% |
| Avg | -1.9% | 20.5% |
| Low | -11.6% | -11.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.