Granite Ridge Resources, Inc. (GRNT)
| Market Cap | 809.31M |
| Revenue (ttm) | 358.52M |
| Net Income (ttm) | 47.72M |
| Shares Out | 130.74M |
| EPS (ttm) | 0.36 |
| PE Ratio | 17.18 |
| Forward PE | 10.84 |
| Dividend | $0.44 (7.11%) |
| Ex-Dividend Date | Nov 29, 2024 |
| Volume | 4,507,582 |
| Open | 5.55 |
| Previous Close | 5.62 |
| Day's Range | 5.47 - 6.30 |
| 52-Week Range | 5.20 - 7.10 |
| Beta | 0.21 |
| Analysts | Buy |
| Price Target | 7.60 (+22.78%) |
| Earnings Date | Nov 7, 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. [Read more]
Financial Performance
In 2023, Granite Ridge Resources's revenue was $369.17 million, a decrease of -21.54% compared to the previous year's $470.52 million. Earnings were $80.95 million, a decrease of -69.14%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for GRNT stock is "Buy." The 12-month stock price forecast is $7.6, which is an increase of 22.78% from the latest price.
News
Exclusive: Northern Oil and Gas in bid to acquire smaller rival Granite Ridge, sources say
Northern Oil and Gas has made an acquisition offer for Granite Ridge Resources , a smaller U.S. producer with operations in basins including the Permian and Eagle Ford, according to people familiar wi...
Granite Ridge Resources: 2025 Oil Production May Increase By Over 20%
Granite Ridge expects mid-teens total production growth in 2025. This may include 20+% oil production growth. I expect Granite Ridge's 2025 capex to be lower than 2024 since much of the 2025 growth is...
Granite Ridge Resources, Inc. (GRNT) Q3 2024 Earnings Call Transcript
Granite Ridge Resources, Inc. (NYSE:GRNT) Q3 2024 Earnings Conference Call November 8, 2024 11:00 AM ET Company Participants James Masters - Investor Relations Representative Luke Brandenberg - Presi...
Granite Ridge Resources, Inc. Reports Third-Quarter 2024 Results and Declares Quarterly Cash Dividend
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today reported financial and operating results for the third quarter 2024. Third Quarter 2024 Hig...
Granite Ridge Resources Schedules Third Quarter 2024 Earnings Conference Call
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced that it will report financial and operating results for the third quarter of 2024...
68 Graham All Star Value Stocks Show 55 In September Fit To Buy
The Value Score identifies large-cap stocks offering high value relative to their price, focusing on profits, cash flows, assets, and sales. The Ben Graham Formula targets ultra-stable stocks with str...
Granite Ridge Resources, Inc. (GRNT) Q2 2024 Earnings Call Transcript
Granite Ridge Resources, Inc. (NYSE:GRNT) Q2 2024 Earnings Conference Call August 9, 2024 11:00 AM ET Company Participants Luke Brandenberg - President & CEO Tyler Farquharson - CFO Conference Call P...
Granite Ridge Resources, Inc. Reports Second-Quarter 2024 Results, Declares Quarterly Cash Dividend and Provides Updated Outlook for 2024
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today reported financial and operating results for the second quarter 2024. Second Quarter 2024 Hi...
Granite Ridge Resources Schedules Second Quarter 2024 Earnings Conference Call
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced that it will report financial and operating results for the second quarter of 202...
3 High-Yield Dividend Stocks That Executives Love
Who cares what financial “pundits” are yapping about? Show us the money.
70 All-Star And Graham Value Stocks: 57 Fit To Buy In June
Large Cap Value rankings from YCharts identify stocks with low prices relative to their assets and profits. The Ben Graham Formula strategy selects stable stocks with strong earnings and dividends bas...
Granite Ridge Resources: Free Cash Flow May Be Close To Zero In 2024
Granite Ridge Resources, Inc. is now projected to have $2 million in 2024 cash burn before dividends. After dividends, its net debt may increase by $60 million in 2024. Granite Ridge's liquidity was e...
Sell In May And Go Away? - April Dividend Income Report
Many investors believe the stock market generates a better return between November and April than between May and October. Many events contributed to convincing investors that summer and the beginning...
68 All Star And Graham Value Stocks: 53 Fit To Buy In May
Large Cap Value is a value ranking for large cap stocks that looks at the price of a stock relative to measurements of intrinsic firm value. The Ben Graham Formula strategy selects ultra-stable stocks...
Granite Ridge Resources Declares $0.11 Quarterly Cash Dividend
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced that its Board of Directors declared a regular quarterly dividend of $0.11 per sh...
Aulos Bioscience Enters Into Clinical Trial Collaboration and Supply Agreement With Merck KGaA, Darmstadt, Germany To Study Combination of Bavencio® With AU-007
LARKSPUR, Calif.--(BUSINESS WIRE)--Aulos Bioscience, an immuno-oncology company working to revolutionize cancer care through the development of potentially best-in-class IL-2 therapeutics, today annou...
Granite Ridge Resources, Inc. (GRNT) Q1 2024 Earnings Call Transcript
Granite Ridge Resources, Inc. (NYSE:GRNT) Q1 2024 Earnings Conference Call May 10, 2024 11:00 AM ET Company Participants Wes Harris - IR Representative Luke Brandenberg - President & CEO Tyler Farquh...
Granite Ridge Resources Inc. Reports First Quarter 2024 Results
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today reported financial and operating results for the first quarter of 2024. First Quarter 2024 H...
Granite Ridge Resources Schedules First Quarter 2024 Earnings Conference Call
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced that it will report financial and operating results for the first quarter of 2024...
Granite Ridge Resources: Balancing Production Growth With Increasing Debt
Granite Ridge is projected to generate $16 million in free cash flow in 2024 before dividends.
Granite Ridge Announces Expansion of Revolving Credit Facility
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced the successful completion of its semi-annual borrowing base redetermination and e...
68 Graham Value Stocks, 57 Fit To Buy In March
Large Cap Value ranking from YCharts identifies stocks with low prices relative to their assets and profits. Ben Graham Formula strategy selects stable stocks with strong earnings and dividends based ...
Glancy Prongay & Murray LLP Announces Investigation of Granite Ridge Resources, Inc. (GRNT)
NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Granite Ridge Resources, Inc. (NYSE: GRNT) concerning the Company and its directors' and officers' possibl...
Granite Ridge Resources, Inc. to Participate in Water Tower Fireside Chat Series
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (NYSE: GRNT) (“Granite Ridge” or the “Company”), announced that the Company will be participating in the Water Tower Research Fireside Chat Serie...