Granite Ridge Resources, Inc. (GRNT)

Market Cap	852.45M
Revenue (ttm)	358.52M
Net Income (ttm)	47.72M
Shares Out	130.74M
EPS (ttm)	0.36
PE Ratio	18.09
Forward PE	12.07
Dividend	$0.44 (6.75%)
Ex-Dividend Date	Aug 30, 2024

Volume	428,519
Open	6.51
Previous Close	6.50
Day's Range	6.45 - 6.54
52-Week Range	5.20 - 7.10
Beta	0.17
Analysts	Buy
Price Target	7.60 (+16.56%)
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.

• Industry: Oil & Gas Exploration & Production
• Sector: Energy
• Founded: 2013
• Employees: 2
• Stock Exchange: NYSE
• Ticker Symbol: GRNT
• Website: https://www.graniteridge.com

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%.

Analyst 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 16.56% from the latest price.

Price Target

$7.6

(16.56% upside)

Analyst Consensus: Buy