Granite Ridge Resources, Inc (GRNT)
NYSE: GRNT · IEX Real-Time Price · USD
6.44
+0.09 (1.42%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Granite Ridge Resources Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for GRNT stock have an average target of 8.20, with a low estimate of 7.00 and a high estimate of 9.00. The average target predicts an increase of 27.33% from the current stock price of 6.44.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for GRNT stock from 5 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 1 | 1 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 3 | 4 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Hold Reiterates $7 | Hold | Reiterates | $7 | +8.70% | Jun 14, 2024 |
| Roth MKM | Roth MKM | Strong Buy Initiates $8.8 | Strong Buy | Initiates | $8.8 | +36.65% | May 15, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Initiates $8 | Hold | Initiates | $8 | +24.22% | Apr 29, 2024 |
| B of A Securities | B of A Securities | Strong Buy Initiates $9 | Strong Buy | Initiates | $9 | +39.75% | Nov 7, 2023 |
| Stephens & Co. | Stephens & Co. | Buy Initiates n/a | Buy | Initiates | n/a | n/a | Sep 27, 2023 |
Financial Forecast
Revenue This Year
455.99M
from 394.07M
Increased by 15.71%
Revenue Next Year
414.38M
from 455.99M
Decreased by -9.13%
EPS This Year
1.00
from 0.61
Increased by 63.32%
EPS Next Year
0.66
from 1.00
Decreased by -33.45%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 434.7M | 467.3M | 487.2M |
| Avg | 414.4M | 449.4M | 458.0M |
| Low | 393.7M | 428.3M | 425.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 10.3% | 12.8% | 8.4% |
| Avg | 5.2% | 8.4% | 1.9% |
| Low | -0.1% | 3.3% | -5.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.75 | 0.88 | 0.77 |
| Avg | 0.66 | 0.78 | 0.66 |
| Low | 0.57 | 0.62 | 0.56 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 22.2% | 33.0% | -2.1% |
| Avg | 8.7% | 18.1% | -15.3% |
| Low | -6.8% | -6.9% | -28.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.