Granite Ridge Resources, Inc. (GRNT)
NYSE: GRNT · Real-Time Price · USD
6.19
+0.57 (10.14%)
At close: Dec 20, 2024, 4:00 PM
5.99
-0.20 (-3.23%)
After-hours: Dec 20, 2024, 7:38 PM EST
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 22.78% from the current stock price of 6.19.
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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 1 |
| Buy | 1 | 1 | 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 | 5 | 5 | 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 | +13.09% | Sep 30, 2024 |
| B of A Securities | B of A Securities | Hold Reiterates $7 | Hold | Reiterates | $7 | +13.09% | Jun 14, 2024 |
| Roth MKM | Roth MKM | Strong Buy Initiates $8.8 | Strong Buy | Initiates | $8.8 | +42.16% | May 15, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Initiates $8 | Hold | Initiates | $8 | +29.24% | Apr 29, 2024 |
| B of A Securities | B of A Securities | Strong Buy Initiates $9 | Strong Buy | Initiates | $9 | +45.40% | Nov 7, 2023 |
Financial Forecast
Revenue This Year
386.37M
from 369.17M
Increased by 4.66%
Revenue Next Year
475.13M
from 386.37M
Increased by 22.97%
EPS This Year
0.52
from 0.61
Decreased by -14.47%
EPS Next Year
0.57
from 0.52
Increased by 8.82%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 398.6M | 512.4M | 550.2M |
| Avg | 386.4M | 475.1M | 534.5M |
| Low | 370.4M | 434.8M | 513.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 8.0% | 32.6% | 15.8% |
| Avg | 4.7% | 23.0% | 12.5% |
| Low | 0.3% | 12.5% | 8.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.54 | 0.74 | 0.69 |
| Avg | 0.52 | 0.57 | 0.60 |
| Low | 0.50 | 0.40 | 0.50 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -12.0% | 41.3% | 22.4% |
| Avg | -14.5% | 8.8% | 5.4% |
| Low | -17.8% | -22.8% | -11.7% |
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.