Granite Ridge Resources, Inc (GRNT)
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]
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 StatementsAnalyst 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.
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...
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. 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 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...
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. 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...
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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...
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 ...
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...
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...
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...
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...
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 ...
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...
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 ...
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...
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...
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 ...
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The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
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...
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...
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.
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...