Granite Ridge Resources, Inc (GRNT)

NYSE: GRNT · IEX Real-Time Price · USD
6.37
+0.08 (1.35%)
Mar 28, 2024, 9:47 AM EDT - Market open

Total Valuation

GRNT has a market cap or net worth of $815.96 million. The enterprise value is $865.10 million.

Market Cap 815.96M
Enterprise Value 865.10M

Important Dates

The last earnings date was Thursday, March 7, 2024, after market close.

Earnings Date Mar 7, 2024
Ex-Dividend Date Feb 29, 2024

Share Statistics

GRNT has 130.45 million shares outstanding. The number of shares has increased by 0.03% in one year.

Shares Outstanding 130.45M
Shares Change (YoY) +0.03%
Shares Change (QoQ) -1.71%
Owned by Insiders (%) 52.28%
Owned by Institutions (%) 31.74%
Float 53.82M

Valuation Ratios

The trailing PE ratio is 10.30 and the forward PE ratio is 10.87.

PE Ratio 10.30
Forward PE 10.87
PS Ratio 2.07
Forward PS 2.03
PB Ratio 1.21
P/FCF Ratio n/a
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings 10.67
EV / Sales 2.20
EV / EBITDA 3.19
EV / EBIT 7.80
EV / FCF n/a

Financial Position

The company has a current ratio of 2.44, with a Debt / Equity ratio of 0.16.

Current Ratio 2.44
Quick Ratio 2.16
Debt / Equity 0.16
Debt / EBITDA 0.41
Debt / FCF n/a
Interest Coverage 20.86

Financial Efficiency

Return on equity (ROE) is 12.40% and return on invested capital (ROIC) is 8.90%.

Return on Equity (ROE) 12.40%
Return on Assets (ROA) 9.10%
Return on Capital (ROIC) 8.90%
Revenue Per Employee $197.03M
Profits Per Employee $40.55M
Employee Count 2
Asset Turnover 0.44
Inventory Turnover n/a

Taxes

In the past 12 months, GRNT has paid $24.48 million in taxes.

Income Tax 24.48M
Effective Tax Rate 23.19%

Stock Price Statistics

The stock price has increased by +13.98% in the last 52 weeks. The beta is 0.18, so GRNT's price volatility has been lower than the market average.

Beta (1Y) 0.18
52-Week Price Change +13.98%
50-Day Moving Average 5.89
200-Day Moving Average 6.34
Relative Strength Index (RSI) 55.88
Average Volume (30 Days) 414,547

Short Selling Information

The latest short interest is 1.91 million, so 1.46% of the outstanding shares have been sold short.

Short Interest 1.91M
Short Previous Month 1.52M
Short % of Shares Out 1.46%
Short % of Float 3.55%
Short Ratio (days to cover) 5.39

Income Statement

In the last 12 months, GRNT had revenue of $394.07 million and earned $81.10 million in profits. Earnings per share was $0.61.

Revenue 394.07M
Gross Profit 305.84M
Operating Income 90.59M
Pretax Income 105.58M
Net Income 81.10M
EBITDA 271.56M
EBIT 110.90M
Earnings Per Share (EPS) $0.61
Full Income Statement

Balance Sheet

The company has $60.86 million in cash and $110.00 million in debt, giving a net cash position of -$49.14 million or -$0.38 per share.

Cash & Cash Equivalents 60.86M
Total Debt 110.00M
Net Cash -49.14M
Net Cash Per Share -$0.38
Equity / Book Value 671.65M
Book Value Per Share 5.15
Working Capital 89.47M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $302.87 million and capital expenditures -$359.14 million, giving a free cash flow of -$56.27 million.

Operating Cash Flow 302.87M
Capital Expenditures -359.14M
Free Cash Flow -56.27M
FCF Per Share -$0.42
Full Cash Flow Statement

Margins

Gross margin is 77.61%, with operating and profit margins of 22.99% and 20.58%.

Gross Margin 77.61%
Operating Margin 22.99%
Pretax Margin 26.79%
Profit Margin 20.58%
EBITDA Margin 68.91%
EBIT Margin 28.14%
FCF Margin -14.28%

Dividends & Yields

This stock pays an annual dividend of $0.44, which amounts to a dividend yield of 6.91%.

Dividend Per Share $0.44
Dividend Yield 6.91%
Dividend Growth (YoY) n/a
Years of Dividend Growth 2
Payout Ratio 72.13%
Buyback Yield -0.03%
Shareholder Yield 6.98%
Earnings Yield 9.94%
FCF Yield -6.90%
Dividend Details

Analyst Forecast

The average price target for GRNT is $9.00, which is 41.40% higher than the current price. The consensus rating is "Strong Buy".

Price Target $9.00
Price Target Difference 41.40%
Analyst Consensus Strong Buy
Analyst Count 2
Revenue Growth Forecast (5Y) 2.23%
EPS Growth Forecast (5Y) 2.30%
Stock Forecasts

Stock Splits

The last stock split was on March 26, 2021. It was a forward split with a ratio of 2499:1000.

Last Split Date Mar 26, 2021
Split Type Forward
Split Ratio 2499:1000

Scores

GRNT has an Altman Z-Score of 2.93 and a Piotroski F-Score of 5. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 2.93
Piotroski F-Score 5