Northland Securities Has Negative View of GRNT Q3 Earnings

Granite Ridge Resources, Inc. (NYSE:GRNT) – Equities researchers at Northland Securities decreased their Q3 2026 earnings per share estimates for shares of Granite Ridge Resources in a research note issued to investors on Monday, August 10th. Northland Securities analyst J. Grampp now anticipates that the company will post earnings per share of $0.16 for the quarter, down from their previous estimate of $0.19. Northland Securities currently has a “Outperform” rating and a $9.00 price target on the stock. The consensus estimate for Granite Ridge Resources’ current full-year earnings is $0.44 per share.

Other analysts have also recently issued research reports about the company. Zacks Research cut Granite Ridge Resources from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. Weiss Ratings lowered shares of Granite Ridge Resources from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 22nd. Wall Street Zen raised shares of Granite Ridge Resources from a “sell” rating to a “buy” rating in a research report on Sunday. Finally, Stephens decreased their price objective on shares of Granite Ridge Resources from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, Granite Ridge Resources has a consensus rating of “Hold” and a consensus target price of $10.00.

Granite Ridge Resources Stock Performance

Shares of NYSE:GRNT opened at $5.18 on Wednesday. The business has a 50-day moving average of $4.68 and a two-hundred day moving average of $5.09. The firm has a market capitalization of $683.90 million, a PE ratio of -24.69 and a beta of 0.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.93. Granite Ridge Resources has a 12 month low of $4.18 and a 12 month high of $6.14.

Granite Ridge Resources (NYSE:GRNT) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Granite Ridge Resources had a positive return on equity of 4.60% and a negative net margin of 5.56%.The firm had revenue of $149.27 million during the quarter, compared to the consensus estimate of $139.44 million.

Institutional Trading of Granite Ridge Resources

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Granite Ridge Resources in the second quarter valued at $21,910,000. Bank of America Corp DE increased its stake in Granite Ridge Resources by 5,859.1% during the 2nd quarter. Bank of America Corp DE now owns 4,525,525 shares of the company’s stock worth $28,828,000 after buying an additional 4,449,582 shares during the period. Vanguard Group Inc. increased its stake in Granite Ridge Resources by 6.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,472,643 shares of the company’s stock worth $24,197,000 after buying an additional 282,132 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Granite Ridge Resources by 15.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,306,999 shares of the company’s stock worth $19,414,000 after buying an additional 448,066 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Granite Ridge Resources by 6.9% in the 4th quarter. Geode Capital Management LLC now owns 1,477,157 shares of the company’s stock valued at $6,944,000 after buying an additional 95,810 shares during the last quarter. Hedge funds and other institutional investors own 31.56% of the company’s stock.

Insiders Place Their Bets

In related news, Director Griffin Perry bought 100,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average cost of $5.49 per share, for a total transaction of $549,000.00. Following the acquisition, the director owned 1,163,903 shares in the company, valued at $6,389,827.47. This represents a 9.40% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Ronald Kyle Kettler purchased 6,000 shares of Granite Ridge Resources stock in a transaction that occurred on Wednesday, May 27th. The shares were bought at an average cost of $5.08 per share, for a total transaction of $30,480.00. Following the completion of the transaction, the chief financial officer directly owned 129,276 shares in the company, valued at $656,722.08. This represents a 4.87% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 120,600 shares of company stock worth $651,990 over the last quarter. 8.60% of the stock is owned by corporate insiders.

Granite Ridge Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, August 28th will be given a $0.11 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.44 annualized dividend and a yield of 8.5%. Granite Ridge Resources’s dividend payout ratio (DPR) is -209.52%.

About Granite Ridge Resources

Granite Ridge Resources, Inc operates as a non-operated oil and gas exploration and production company. It owns a portfolio of wells and acreage across the Permian and other unconventional basins in the United States. Granite Ridge Resources, Inc is based in Dallas, Texas.