Granite Ridge Resources, Inc. (GRNT)
| Market Cap | 812.57M |
| Revenue (ttm) | 371.05M |
| Net Income (ttm) | 56.64M |
| Shares Out | 130.74M |
| EPS (ttm) | 0.43 |
| PE Ratio | 14.49 |
| Forward PE | 9.66 |
| Dividend | $0.44 (7.09%) |
| Ex-Dividend Date | Aug 30, 2024 |
| Volume | 377,420 |
| Open | 6.24 |
| Previous Close | 6.23 |
| Day's Range | 6.08 - 6.29 |
| 52-Week Range | 5.20 - 7.10 |
| Beta | 0.17 |
| Analysts | Buy |
| Price Target | 8.20 (+31.94%) |
| 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 5 analysts, the average rating for GRNT stock is "Buy." The 12-month stock price forecast is $8.2, which is an increase of 31.94% from the latest price.
News
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...
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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...
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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...
Granite Ridge Resources, Inc. (GRNT) Q4 2023 Earnings Call Transcript
Granite Ridge Resources, Inc. (NYSE:GRNT) Q4 2023 Earnings Conference Call March 8, 2024 11:00 AM ET Company Participants Wes Harris - Investor Relations Representative Luke Brandenberg - President &...
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...
Granite Ridge Resources Pre Announces Q4 Beat And Offers Positive Operations Update
Granite Ridge Resources provided an update on recent divestitures and acquisitions. Announced much better than expected 4Q23 volumes.
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....
Granite Ridge Resources, Inc. (GRNT) Q3 2023 Earnings Call Transcript
Granite Ridge Resources, Inc. (NYSE:GRNT) Q3 2023 Earnings Conference Call November 10, 2023 11:00 AM ET Company Participants Wes Harris - IR Representative Luke Brandenberg - Chief Executive Officer...
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 ...
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...