Granite Ridge Resources, Inc. (GRNT)
NYSE: GRNT · Real-Time Price · USD
4.865
+0.085 (1.78%)
Apr 24, 2025, 4:00 PM EDT - Market closed
Granite Ridge Resources Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Granite Ridge Resources stock have an average target of 7.70, with a low estimate of 7.00 and a high estimate of 8.80. The average target predicts an increase of 58.27% from the current stock price of 4.87.
Analyst Consensus: Buy
* Price targets were last updated on Mar 7, 2025.
Analyst Ratings
The average analyst rating for Granite Ridge Resources stock from 4 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 | Nov '24 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 1 | 1 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stephens & Co. | Stephens & Co. | Buy Reiterates $8 | Buy | Reiterates | $8 | +64.44% | Mar 7, 2025 |
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $8 → $7 | Hold | Maintains | $8 → $7 | +43.88% | Sep 30, 2024 |
| B of A Securities | B of A Securities | Hold Reiterates $7 | Hold | Reiterates | $7 | +43.88% | Jun 14, 2024 |
| Roth MKM | Roth MKM | Strong Buy Initiates $8.8 | Strong Buy | Initiates | $8.8 | +80.88% | May 15, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Initiates $8 | Hold | Initiates | $8 | +64.44% | Apr 29, 2024 |
Financial Forecast
Revenue This Year
489.72M
from 359.03M
Increased by 36.40%
Revenue Next Year
547.23M
from 489.72M
Increased by 11.74%
EPS This Year
0.76
from 0.14
Increased by 442.97%
EPS Next Year
0.68
from 0.76
Decreased by -11.13%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 512.4M | 574.4M | 568.1M |
| Avg | 489.7M | 547.2M | 541.1M |
| Low | 462.2M | 515.5M | 509.6M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 42.7% | 17.3% | 3.8% |
| Avg | 36.4% | 11.7% | -1.1% |
| Low | 28.7% | 5.3% | -6.9% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 0.97 | 0.74 | 0.64 |
| Avg | 0.76 | 0.68 | 0.62 |
| Low | 0.64 | 0.59 | 0.60 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 590.0% | -3.3% | -5.2% |
| Avg | 443.0% | -11.1% | -7.9% |
| Low | 355.0% | -21.7% | -11.5% |
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.