Granite Ridge Resources, Inc (GRNT)

Market Cap	841.99M
Revenue (ttm)	391.76M
Net Income (ttm)	60.46M
Shares Out	130.74M
EPS (ttm)	0.45
PE Ratio	14.31
Forward PE	8.42
Dividend	$0.44 (6.83%)
Ex-Dividend Date	May 31, 2024

Volume	312,436
Open	6.36
Previous Close	6.35
Day's Range	6.34 - 6.50
52-Week Range	5.20 - 8.14
Beta	0.19
Analysts	Buy
Price Target	8.20 (+27.33%)
Earnings Date	Aug 8, 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 5 analysts, the average rating for GRNT stock is "Buy." The 12-month stock price forecast is $8.2, which is an increase of 27.33% from the latest price.

Price Target

$8.2

(27.33% upside)

Analyst Consensus: Buy