Granite Ridge Resources, Inc (GRNT)

NYSE: GRNT · IEX Real-Time Price · USD
6.50
+0.22 (3.50%)
Mar 28, 2024, 4:00 PM EDT - Market closed
3.50%
Market Cap 831.61M
Revenue (ttm) 394.07M
Net Income (ttm) 81.10M
Shares Out 130.45M
EPS (ttm) 0.61
PE Ratio 10.66
Forward PE 11.25
Dividend $0.44 (6.77%)
Ex-Dividend Date Feb 29, 2024
Volume 660,873
Open 6.32
Previous Close 6.28
Day's Range 6.30 - 6.51
52-Week Range 5.00 - 8.14
Beta 0.18
Analysts Strong Buy
Price Target 9.00 (+38.46%)
Earnings Date Mar 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]

Industry Shell Companies
Sector Financials
Founded 2013
Employees 2
Stock Exchange NYSE
Ticker Symbol GRNT
Full Company Profile

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%.

Financial Statements

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 38.46% from the latest price.

Price Target
$9.0
(38.46% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

14 days ago - Business Wire

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...

17 days ago - Business Wire

Granite Ridge Resources, Inc. Reports Fourth Quarter and Full-Year 2023 Results and Provides Outlook for 2024

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (NYSE: GRNT) (“Granite Ridge” or the “Company”) today reported financial and operating results for the fourth quarter and full-year 2023 and prov...

21 days ago - Business Wire

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...

6 weeks ago - Business Wire

Granite Ridge Resources Provides an Operational Update, Releases Select Preliminary Fourth-Quarter 2023 Results, and Schedules Earnings Results Conference Call for March 8, 2024, at 10:00 a.m. Central Time

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (NYSE: GRNT) (“Granite Ridge” or the “Company”) today provided an operational update and released select preliminary fourth-quarter 2023 results....

Other symbols: VTLE
7 weeks ago - Business Wire

Granite Ridge Resources Inc. Reports Third-Quarter 2023 Results and Provides Updated Outlook for 2023

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today reported financial and operating results for the third quarter 2023 and provided an updated ...

5 months ago - Business Wire

Granite Ridge Resources Schedules Third Quarter 2023 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 2023...

6 months ago - Business Wire

Top 2 Energy Stocks Which Could Rescue Your Portfolio This Quarter - Granite Ridge Resources (NYSE:GRNT), Enviva (NYSE:EVA)

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.

Other symbols: EVA
6 months ago - Benzinga

Granite Ridge Resources, Inc. Announces Pricing of Secondary Public Offering of Common Stock

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT), a scaled, non-operated oil & gas exploration and production company, today announced the pricing...

7 months ago - Business Wire

Granite Ridge Resources, Inc. Announces Launch of Secondary Public Offering of Common Stock

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT), a scaled, non-operated oil & gas exploration and production company, today announced the launch ...

7 months ago - Business Wire

Granite Ridge Resources Inc. Reports Second-Quarter 2023 Results and Provides Updated Outlook for 2023

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today reported financial and operating results for the second quarter 2023 and provided an updated...

8 months ago - Business Wire

Energy Transition and Emerging Technology Companies are Set to Present at the 28th Annual EnerCom Denver - The Energy Investment Conference, to be held August 13-16, 2023, in Denver, Colorado

Presentation Times and Schedule for All Participating Companies Now Posted on the Conference Website   www.enercomdenver.com  – Presenting Companies Continue to be Added Investor One-on-One Meeting Re...

8 months ago - PRNewsWire

Granite Ridge Resources Schedules Second Quarter 2023 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...

9 months ago - Business Wire

Granite Ridge Resources, Inc. Announces Successful Warrant Exchange Offer

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT; GRNT.WS), a scaled, non-operated oil & gas exploration and production company, today announced th...

10 months ago - Business Wire

Granite Ridge Resources, Inc. Set to Join Russell 3000® Index

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced that it is set to join the broad-market Russell 3000® Index at the conclusion of ...

11 months ago - Business Wire

Granite Ridge Resources, Inc. Announces Commencement of Exchange Offer and Consent Solicitation Relating to Warrants

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT; GRNT.WS), a scaled, non-operated oil & gas exploration and production company, today announced th...

11 months ago - Business Wire

Granite Ridge Resources Inc. Reports First-Quarter 2023 Results and Provides Updated Outlook for 2023

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today reported financial and operating results for the first quarter 2023 and provided an updated ...

11 months ago - Business Wire

Granite Ridge Resources Schedules First Quarter 2023 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 2023...

1 year ago - Business Wire

Granite Ridge Resources Inc. Reports Fourth-Quarter and Full-Year 2022 Results, Provides 2023 Outlook

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today reported financial and operating results for the fourth quarter and full year 2022. Fourth Q...

1 year ago - Business Wire

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Granite Ridge Resources, Inc. - GRNT

NEW YORK , March 22, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Granite Ridge Resources, Inc. ("Granite Ridge" or the "Company") (NYSE: GRNT). Such investors ...

1 year ago - PRNewsWire

Top 5 Energy Stocks That Could Blast Off In March

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.

Other symbols: EVATALOTPLUSEG
1 year ago - Benzinga

Granite Ridge Resources Declares Quarterly Dividend and Schedules Fourth Quarter and Full-Year 2022 Earnings Conference Call

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced a quarterly cash dividend of $0.11 per share of common stock and further announce...

1 year ago - Business Wire

Granite Ridge Resources, Inc. Announces Stock Repurchase Program and Lock-Up Waiver for Certain Previously Issued Shares

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (NYSE: GRNT) (“Granite Ridge” or the “Company”) today announced that the Board of Directors has approved a stock repurchase program authorizing...

1 year ago - Business Wire

Granite Ridge Resources Reports Third Quarter Results and Declares Initial Dividend

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE:GRNT) today announced its third quarter 2022 pro forma financial and operating results.

1 year ago - Business Wire

Granite Ridge Resources Announces Date for Third Quarter 2022 Earnings Release and Conference Call

DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge”) (NYSE:GRNT) today announced its third quarter 2022 earnings news release is scheduled to be issued before the open of trading o...

1 year ago - Business Wire