Granite Ridge Resources, Inc. (GRNT)
NYSE: GRNT · Real-Time Price · USD
5.85
+0.03 (0.52%)
At close: Jun 6, 2025, 4:00 PM
5.85
0.00 (0.00%)
After-hours: Jun 6, 2025, 4:10 PM EDT

Granite Ridge Resources Stock Forecast

Stock Price Forecast

According to 3 professional analysts, the 12-month price target for Granite Ridge Resources stock ranges from a low of $7.00 to a high of $8.00. The average analyst price target of $7.33 forecasts a 25.30% increase in the stock price over the next year.

Price Target: $7.33 (+25.30%)
Analyst Consensus: Hold
Target Low Average Median High
Price $7.00 $7.33 $7.00 $8.00
Change +19.66% +25.30% +19.66% +36.75%
* Price targets were last updated on Mar 7, 2025.

Analyst Ratings

The average analyst rating for Granite Ridge Resources stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating Jan '25Feb '25Mar '25Apr '25May '25Jun '25
Strong Buy 221110
Buy 001111
Hold 222222
Sell 000000
Strong Sell 000000
Total 444443

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Stephens & Co.
Stephens & Co.
Buy
Reiterates
$8
Buy Reiterates $8 +36.75% Mar 7, 2025
Evercore ISI Group
Evercore ISI Group
Hold
Maintains
$8$7
Hold Maintains $8$7 +19.66% Sep 30, 2024
B of A Securities
B of A Securities
Hold
Reiterates
$7
Hold Reiterates $7 +19.66% Jun 14, 2024
Roth MKM
Roth MKM
Strong Buy
Initiates
$8.8
Strong Buy Initiates $8.8 +50.43% May 15, 2024
Evercore ISI Group
Evercore ISI Group
Hold
Initiates
$8
Hold Initiates $8 +36.75% Apr 29, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
467.88M
from 359.03M
Increased by 30.32%
Revenue Next Year
504.34M
from 467.88M
Increased by 7.79%
EPS This Year
0.73
from 0.14
Increased by 422.75%
EPS Next Year
0.64
from 0.73
Decreased by -12.20%
Fiscal Year FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027
Period Ending Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026 Dec 31, 2027
Revenue
81.10M273.09M470.52M369.17M359.03M467.88M504.34M515.61M
Revenue Growth
-236.74%72.29%-21.54%-2.75%30.32%7.79%2.23%
EPS
-0.180.821.970.610.140.730.640.57
EPS Growth
--141.44%-69.13%-76.98%422.75%-12.20%-11.11%
Forward PE
-----7.999.1010.24
No. Analysts
-----874
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202520262027
High 495.2M 526.1M 537.6M
Avg 467.9M 504.3M 515.6M
Low 443.2M 478.6M 489.0M

Revenue Growth

Revenue Growth 202520262027
High
37.9%
12.4%
6.6%
Avg
30.3%
7.8%
2.2%
Low
23.4%
2.3%
-3.0%

EPS Forecast

EPS 2025202620272028
High 0.97 0.74 0.62
Avg 0.73 0.64 0.57
Low 0.58 0.54 0.52

EPS Growth

EPS Growth 2025202620272028
High
590.0%
0.4%
-3.6%
Avg
422.7%
-12.2%
-11.1%
Low
313.0%
-26.4%
-19.2%
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.