Granite Ridge Resources, Inc (GRNT)
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 |
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 |
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 |
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 |
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% |
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 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 |