Granite Ridge Resources, Inc. (GRNT)
NYSE: GRNT · Real-Time Price · USD
6.52
+0.02 (0.31%)
Nov 20, 2024, 4:00 PM EST - Market closed
Granite Ridge Resources Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for GRNT 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 16.56% from the current stock price of 6.52.
Analyst Consensus: Buy
* Price targets were last updated on Sep 30, 2024.
Analyst Ratings
The average analyst rating for GRNT 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 1 |
| Buy | 1 | 1 | 1 | 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 | 5 | 5 | 5 | 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 | +7.36% | Sep 30, 2024 |
| B of A Securities | B of A Securities | Hold Reiterates $7 | Hold | Reiterates | $7 | +7.36% | Jun 14, 2024 |
| Roth MKM | Roth MKM | Strong Buy Initiates $8.8 | Strong Buy | Initiates | $8.8 | +34.97% | May 15, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Initiates $8 | Hold | Initiates | $8 | +22.70% | Apr 29, 2024 |
| B of A Securities | B of A Securities | Strong Buy Initiates $9 | Strong Buy | Initiates | $9 | +38.04% | Nov 7, 2023 |
Financial Forecast
Revenue This Year
382.70M
from 369.17M
Increased by 3.67%
Revenue Next Year
460.95M
from 382.70M
Increased by 20.45%
EPS This Year
0.54
from 0.61
Decreased by -10.98%
EPS Next Year
0.60
from 0.54
Increased by 11.40%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 397.0M | 512.4M | 550.2M |
| Avg | 382.7M | 461.0M | 534.5M |
| Low | 360.1M | 410.4M | 513.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.5% | 33.9% | 19.4% |
| Avg | 3.7% | 20.4% | 16.0% |
| Low | -2.5% | 7.2% | 11.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.60 | 0.79 | 0.69 |
| Avg | 0.54 | 0.60 | 0.56 |
| Low | 0.47 | 0.34 | 0.43 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -1.6% | 45.5% | 14.9% |
| Avg | -11.0% | 11.4% | -7.0% |
| Low | -22.7% | -37.0% | -28.5% |
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.