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 Statistics

Total Valuation

GRNT has a market cap or net worth of $771.39 million. The enterprise value is $873.42 million.

Market Cap 771.39M
Enterprise Value 873.42M

Important Dates

The next confirmed earnings date is Thursday, November 7, 2024, after market close.

Earnings Date Nov 7, 2024
Ex-Dividend Date Aug 30, 2024

Share Statistics

GRNT has 130.74 million shares outstanding. The number of shares has decreased by -1.01% in one year.

Shares Outstanding 130.74M
Shares Change (YoY) -1.01%
Shares Change (QoQ) +0.07%
Owned by Insiders (%) 1.86%
Owned by Institutions (%) 27.54%
Float 54.07M

Valuation Ratios

The trailing PE ratio is 13.72 and the forward PE ratio is 10.66. GRNT's PEG ratio is 1.52.

PE Ratio 13.72
Forward PE 10.66
PS Ratio 2.09
Forward PS 1.76
PB Ratio 1.16
P/FCF Ratio n/a
PEG Ratio 1.52
Financial Ratio History

Enterprise Valuation

EV / Earnings 15.42
EV / Sales 2.35
EV / EBITDA 3.04
EV / EBIT 7.72
EV / FCF n/a

Financial Position

The company has a current ratio of 2.24, with a Debt / Equity ratio of 0.25.

Current Ratio 2.24
Quick Ratio 1.93
Debt / Equity 0.25
Debt / EBITDA 0.57
Debt / FCF n/a
Interest Coverage 8.88

Financial Efficiency

Return on equity (ROE) is 8.62% and return on invested capital (ROIC) is 9.19%.

Return on Equity (ROE) 8.62%
Return on Assets (ROA) 7.59%
Return on Capital (ROIC) 9.19%
Revenue Per Employee $185.53M
Profits Per Employee $28.32M
Employee Count 2
Asset Turnover 0.40
Inventory Turnover n/a

Taxes

In the past 12 months, GRNT has paid $16.08 million in taxes.

Income Tax 16.08M
Effective Tax Rate 22.06%

Stock Price Statistics

The stock price has decreased by -3.28% in the last 52 weeks. The beta is 0.17, so GRNT's price volatility has been lower than the market average.

Beta (5Y) 0.17
52-Week Price Change -3.28%
50-Day Moving Average 6.15
200-Day Moving Average 6.25
Relative Strength Index (RSI) 41.57
Average Volume (20 Days) 249,586

Short Selling Information

The latest short interest is 2.57 million, so 1.97% of the outstanding shares have been sold short.

Short Interest 2.57M
Short Previous Month 2.56M
Short % of Shares Out 1.97%
Short % of Float 4.75%
Short Ratio (days to cover) 5.80

Income Statement

In the last 12 months, GRNT had revenue of $371.05 million and earned $56.64 million in profits. Earnings per share was $0.43.

Revenue 371.05M
Gross Profit 305.04M
Operating Income 113.10M
Pretax Income 72.91M
Net Income 56.64M
EBITDA 287.48M
EBIT 113.10M
Earnings Per Share (EPS) $0.43
Full Income Statement

Balance Sheet

The company has $62.97 million in cash and $165.00 million in debt, giving a net cash position of -$102.03 million or -$0.78 per share.

Cash & Cash Equivalents 62.97M
Total Debt 165.00M
Net Cash -102.03M
Net Cash Per Share -$0.78
Equity (Book Value) 665.32M
Book Value Per Share 5.09
Working Capital 83.26M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $280.05 million and capital expenditures -$304.13 million, giving a free cash flow of -$24.08 million.

Operating Cash Flow 280.05M
Capital Expenditures -304.13M
Free Cash Flow -24.08M
FCF Per Share -$0.18
Full Cash Flow Statement

Margins

Gross margin is 82.21%, with operating and profit margins of 30.48% and 15.31%.

Gross Margin 82.21%
Operating Margin 30.48%
Pretax Margin 19.65%
Profit Margin 15.31%
EBITDA Margin 77.48%
EBIT Margin 30.48%
FCF Margin -5.35%

Dividends & Yields

This stock pays an annual dividend of $0.44, which amounts to a dividend yield of 7.46%.

Dividend Per Share $0.44
Dividend Yield 7.46%
Dividend Growth (YoY) -10.20%
Years of Dividend Growth 2
Payout Ratio 102.31%
Buyback Yield 1.01%
Shareholder Yield 8.47%
Earnings Yield 7.34%
FCF Yield -3.12%
Dividend Details

Analyst Forecast

The average price target for GRNT is $7.95, which is 34.75% higher than the current price. The consensus rating is "Buy".

Price Target $7.95
Price Target Difference 34.75%
Analyst Consensus Buy
Analyst Count 4
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

The last stock split was on March 26, 2021. It was a forward split with a ratio of 2.5:1.

Last Split Date Mar 26, 2021
Split Type Forward
Split Ratio 2.5:1

Scores

GRNT has an Altman Z-Score of 2.48 and a Piotroski F-Score of 5. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 2.48
Piotroski F-Score 5