Granite Ridge Resources, Inc. (GRNT)
NYSE: GRNT · Real-Time Price · USD
5.90
-0.01 (-0.17%)
Oct 29, 2024, 4:00 PM EDT - Market closed
Granite Ridge Resources Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for GRNT stock have an average target of 7.95, with a low estimate of 7.00 and a high estimate of 9.00. The average target predicts an increase of 34.75% from the current stock price of 5.90.
Analyst Consensus: Buy
* Price targets were last updated on Sep 30, 2024.
Analyst Ratings
The average analyst rating for GRNT 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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 0 | 0 |
| Hold | 1 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 5 | 5 | 5 | 4 | 4 |
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 | +18.64% | Sep 30, 2024 |
| B of A Securities | B of A Securities | Hold Reiterates $7 | Hold | Reiterates | $7 | +18.64% | Jun 14, 2024 |
| Roth MKM | Roth MKM | Strong Buy Initiates $8.8 | Strong Buy | Initiates | $8.8 | +49.15% | May 15, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Initiates $8 | Hold | Initiates | $8 | +35.59% | Apr 29, 2024 |
| B of A Securities | B of A Securities | Strong Buy Initiates $9 | Strong Buy | Initiates | $9 | +52.54% | Nov 7, 2023 |
Financial Forecast
Revenue This Year
386.94M
from 369.17M
Increased by 4.81%
Revenue Next Year
465.15M
from 386.94M
Increased by 20.21%
EPS This Year
0.61
from 0.61
Increased by 0.32%
EPS Next Year
0.75
from 0.61
Increased by 23.64%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 409.1M | 487.2M | 508.2M |
| Avg | 386.9M | 465.2M | 493.7M |
| Low | 360.1M | 437.8M | 474.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 10.8% | 25.9% | 9.3% |
| Avg | 4.8% | 20.2% | 6.1% |
| Low | -2.5% | 13.1% | 2.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.70 | 0.87 | 0.77 |
| Avg | 0.61 | 0.75 | 0.70 |
| Low | 0.50 | 0.63 | 0.64 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.7% | 42.8% | 1.6% |
| Avg | 0.3% | 23.6% | -6.6% |
| Low | -17.8% | 2.8% | -15.6% |
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.