Research Analysts Issue Forecasts for GRNT Q1 Earnings

Granite Ridge Resources, Inc. (NYSE:GRNT) – Research analysts at Capital One Financial increased their Q1 2025 EPS estimates for Granite Ridge Resources in a research note issued to investors on Wednesday, January 8th. Capital One Financial analyst P. Johnston now forecasts that the company will earn $0.14 per share for the quarter, up from their previous estimate of $0.10. The consensus estimate for Granite Ridge Resources’ current full-year earnings is $0.54 per share. Capital One Financial also issued estimates for Granite Ridge Resources’ Q2 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.15 EPS, Q4 2025 earnings at $0.15 EPS and FY2026 earnings at $0.63 EPS.

Separately, Evercore ISI lowered their price objective on Granite Ridge Resources from $8.00 to $7.00 and set an “in-line” rating for the company in a research note on Monday, September 30th.

Granite Ridge Resources Stock Performance

Shares of GRNT stock opened at $6.79 on Friday. The company’s fifty day moving average price is $6.33 and its two-hundred day moving average price is $6.32. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market capitalization of $887.72 million, a P/E ratio of 18.86, a P/E/G ratio of 1.61 and a beta of 0.23. Granite Ridge Resources has a 12 month low of $5.20 and a 12 month high of $7.10.

Hedge Funds Weigh In On Granite Ridge Resources

A number of institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. lifted its position in Granite Ridge Resources by 35.8% in the 2nd quarter. American Century Companies Inc. now owns 1,357,179 shares of the company’s stock worth $8,591,000 after buying an additional 357,705 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Granite Ridge Resources by 35.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,221,579 shares of the company’s stock worth $7,258,000 after buying an additional 317,303 shares during the period. AQR Capital Management LLC grew its position in shares of Granite Ridge Resources by 72.6% in the second quarter. AQR Capital Management LLC now owns 936,201 shares of the company’s stock valued at $5,926,000 after purchasing an additional 393,787 shares during the last quarter. State Street Corp grew its holdings in Granite Ridge Resources by 1.4% in the 3rd quarter. State Street Corp now owns 887,319 shares of the company’s stock valued at $5,271,000 after buying an additional 12,607 shares during the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in Granite Ridge Resources during the 2nd quarter valued at $2,891,000. Hedge funds and other institutional investors own 31.56% of the company’s stock.

Insider Buying and Selling at Granite Ridge Resources

In related news, Director Matthew Reade Miller acquired 41,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were acquired at an average cost of $6.10 per share, for a total transaction of $250,100.00. Following the completion of the purchase, the director now directly owns 772,491 shares in the company, valued at $4,712,195.10. This trade represents a 5.60 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Tyler Farquharson bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were purchased at an average cost of $6.55 per share, for a total transaction of $32,750.00. Following the acquisition, the chief financial officer now owns 86,723 shares of the company’s stock, valued at $568,035.65. This represents a 6.12 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 83,174 shares of company stock worth $520,493 over the last ninety days. Company insiders own 1.90% of the company’s stock.

Granite Ridge Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.48%. Granite Ridge Resources’s payout ratio is currently 122.23%.

Granite Ridge Resources Company Profile

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.