Granite Ridge Resources, Inc. (GRNT)
NYSE: GRNT · Real-Time Price · USD
6.13
-0.28 (-4.37%)
At close: Feb 21, 2025, 4:00 PM
6.10
-0.03 (-0.49%)
After-hours: Feb 21, 2025, 7:17 PM EST
Granite Ridge Resources Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Granite Ridge Resources stock have an average target of 7.60, with a low estimate of 7.00 and a high estimate of 8.80. The average target predicts an increase of 23.98% from the current stock price of 6.13.
Analyst Consensus: Buy
* Price targets were last updated on Sep 30, 2024.
Analyst Ratings
The average analyst rating for Granite Ridge Resources stock from 3 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 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 | Feb '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $8 → $7 | Hold | Maintains | $8 → $7 | +14.19% | Sep 30, 2024 |
| B of A Securities | B of A Securities | Hold Reiterates $7 | Hold | Reiterates | $7 | +14.19% | Jun 14, 2024 |
| Roth MKM | Roth MKM | Strong Buy Initiates $8.8 | Strong Buy | Initiates | $8.8 | +43.56% | May 15, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Initiates $8 | Hold | Initiates | $8 | +30.51% | Apr 29, 2024 |
| B of A Securities | B of A Securities | Strong Buy Initiates $9 | Strong Buy | Initiates | $9 | +46.82% | Nov 7, 2023 |
Financial Forecast
Revenue This Year
380.83M
from 369.17M
Increased by 3.16%
Revenue Next Year
488.24M
from 380.83M
Increased by 28.20%
EPS This Year
0.53
from 0.61
Decreased by -12.96%
EPS Next Year
0.70
from 0.53
Increased by 32.23%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 399.9M | 526.1M | 596.4M |
| Avg | 380.8M | 488.2M | 553.4M |
| Low | 362.6M | 437.7M | 506.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 8.3% | 38.1% | 22.2% |
| Avg | 3.2% | 28.2% | 13.3% |
| Low | -1.8% | 14.9% | 3.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.55 | 0.80 | 0.83 |
| Avg | 0.53 | 0.70 | 0.69 |
| Low | 0.51 | 0.58 | 0.57 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -10.2% | 50.7% | 18.5% |
| Avg | -13.0% | 32.2% | -1.4% |
| Low | -16.9% | 10.1% | -18.8% |
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.