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GRNT - Granite Ridge Resources, Inc.
Market Cap 1.01B P/E 3.70 EPS this Y -23.80% Ern Qtrly Grth -69.00%
Income 80.95M Forward P/E 7.83 EPS next Y 18.00% 50D Avg Chg 13.00%
Sales 369.17M PEG -4.57 EPS past 5Y - 200D Avg Chg 4.00%
Dividend 3.00% Price/Book 1.54 EPS next 5Y -2.30% 52W High Chg -47.00%
Recommedations 1.50 Quick Ratio 2.16 Shares Outstanding 130.74M 52W Low Chg 55.00%
Insider Own 52.06% ROA 10.35% Shares Float 54.10M Beta 0.20
Inst Own 31.28% ROE 12.14% Shares Shorted/Prior 1.52M/1.77M Price 7.44
Gross Margin 82.85% Profit Margin 21.97% Avg. Volume 207,319 Target Price 8.50
Oper. Margin 48.89% Earnings Date - Volume 242,352 Change 3.05%
Energy | Oil & Gas E&P | United States
About Granite Ridge Resources, Inc.

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.

Granite Ridge Resources, Inc. News
04/16/24 EnerCom is Pleased to Announce that Registration is Now Open for the 29th Annual EnerCom Denver - The Energy Investment Conference
04/16/24 While institutions own 25% of Granite Ridge Resources, Inc. (NYSE:GRNT), private equity firms are its largest shareholders with 57% ownership
04/12/24 Granite Ridge Resources Schedules First Quarter 2024 Earnings Conference Call
04/04/24 Granite Ridge Announces Expansion of Revolving Credit Facility
03/11/24 Granite Ridge Resources, Inc. to Participate in Water Tower Fireside Chat Series
03/07/24 Granite Ridge Resources, Inc. Reports Fourth Quarter and Full-Year 2023 Results and Provides Outlook for 2024
02/15/24 Granite Ridge Resources Declares $0.11 Quarterly Cash Dividend
02/02/24 Granite Ridge Resources Provides an Operational Update, Releases Select Preliminary Fourth-Quarter 2023 Results, and Schedules Earnings Results Conference Call for March 8, 2024, at 10:00 a.m. Central Time
11/09/23 Granite Ridge Resources Inc. Reports Third-Quarter 2023 Results and Provides Updated Outlook for 2023
11/09/23 Wall Street Analysts Think Granite Ridge Resources, Inc. (GRNT) Could Surge 42.6%: Read This Before Placing a Bet
10/09/23 Granite Ridge Resources Schedules Third Quarter 2023 Earnings Conference Call
10/05/23 After Plunging -21.66% in 4 Weeks, Here's Why the Trend Might Reverse for Granite Ridge Resources, Inc. (GRNT)
10/03/23 Granite Ridge Resources, Inc. (GRNT) Moves to Strong Buy: Rationale Behind the Upgrade
09/19/23 4 Big Winners as Oil Prices are on Course to Hit $100 a Barrel
09/12/23 Granite Ridge Resources, Inc. Announces Pricing of Secondary Public Offering of Common Stock
09/12/23 Here's Why Granite Ridge Resources, Inc. (GRNT) is Poised for a Turnaround After Losing -23.03% in 4 Weeks
09/11/23 Granite Ridge Resources, Inc. Announces Launch of Secondary Public Offering of Common Stock
08/22/23 Should You Buy Granite Ridge Resources, Inc. (GRNT) After Golden Cross?
08/10/23 Granite Ridge Resources Inc. Reports Second-Quarter 2023 Results and Provides Updated Outlook for 2023
08/08/23 28th Annual EnerCom Denver - The Energy Investment Conference Set to be held August 13-16, 2023 in Denver, Colorado
GRNT Chatroom

User Image UncleStock Posted - 4 days ago

$AMR $GRNT $TPL $LPG suggested for Oil, Gas and Coal - value screen: https://zpr.io/Zp54RdL3vf6v

User Image UncleStock Posted - 1 week ago

$AMR $GRNT $TPL $LPG suggested for Oil, Gas and Coal - value screen: https://zpr.io/Zp54RdL3vf6v

User Image UncleStock Posted - 1 week ago

$AMR $GRNT $TPL $LPG suggested for Energy - value screen: https://zpr.io/KRCjJbmMXYBP

User Image Stock_Titan Posted - 2 weeks ago

$GRNT Granite Ridge Resources Schedules First Quarter 2024 Earnings Conference Call https://www.stocktitan.net/news/GRNT/granite-ridge-resources-schedules-first-quarter-2024-earnings-8upom5cso878.html

User Image UncleStock Posted - 2 weeks ago

$AMR $GRNT $TPL $LPG suggested for Oil, Gas and Coal - value screen: https://zpr.io/Zp54RdL3vf6v

User Image Stock_Titan Posted - 3 weeks ago

$GRNT Granite Ridge Announces Expansion of Revolving Credit Facility https://www.stocktitan.net/news/GRNT/granite-ridge-announces-expansion-of-revolving-credit-ds44a7dy8p2h.html

User Image D_Dubb Posted - 3 weeks ago

$GRNT

User Image Cullousus Posted - 3 weeks ago

$GRNT

User Image UncleStock Posted - 1 month ago

$AMR $GRNT $HCC $LPG suggested for Energy - value screen: https://zpr.io/KRCjJbmMXYBP

User Image MaxAlpha Posted - 1 month ago

$GRNT quite the run over the past few weeks along with the Div distribution and Cricket’s on this board 🤫🤫

User Image CEOBuysDisclosures Posted - 1 month ago

$GRNT CEO purchased 5,000 shares at $6.20 for a total of $31,000. Brandenberg Luke C now owns 77,947 shares. https://ceo-buys.com

User Image UncleStock Posted - 1 month ago

$GRNT $AMR $HCC $LPG suggested for Oil, Gas and Coal - value screen: https://zpr.io/Zp54RdL3vf6v

User Image UncleStock Posted - 1 month ago

$GRNT $AMR $HCC $LPG suggested for Energy - value screen: https://zpr.io/KRCjJbmMXYBP

User Image UncleStock Posted - 1 month ago

$MED $BPT $GRNT $MPX suggested for $NYA US NYSE Composite - value screen: https://zpr.io/tmquS

User Image UncleStock Posted - 1 month ago

$GRNT $AMR $LPG $HCC suggested for Energy - value screen: https://zpr.io/KRCjJbmMXYBP

User Image Stock_Titan Posted - 1 month ago

$GRNT Granite Ridge Resources, Inc. to Participate in Water Tower Fireside Chat Series https://www.stocktitan.net/news/GRNT/granite-ridge-resources-inc-to-participate-in-water-tower-fireside-fjeugz7jkja2.html

User Image UncleStock Posted - 1 month ago

$MED $SMLR $GRNT $DHIL suggested for US - value screen: https://zpr.io/tKhNa

User Image DonCorleone77 Posted - 1 month ago

$GRNT Granite Ridge reports Q4 adjusted EPS 20c, consensus 20c Reports Q4 revenue $106.8M, two estimates $105.34M. Luke Brandenberg, President and CEO of Granite Ridge, commented, "We were pleased to end fourth quarter and full year 2023 with an average daily production increase of 18% and 23%, respectively. We also posted a year-over-year increase in proved reserves of 6%. This was a direct result of our successful multi-pronged strategy as we thoughtfully grow the business, and I want to thank our full team for their hard work and dedication as we continue to execute on additional opportunities to further enhance our asset base. We continued these efforts in the fourth quarter of 2023 with the closing of ten unique transactions, including two Haynesville acquisitions alongside an existing operating partner for a combined $24 million and two transactions with a Strategic Partner in the Delaware Basin including aggregate inventory of 1.9 net locations, acquisition cost of $3 MM...

User Image insiderbuyingselling Posted - 2 months ago

$GRNT new insider buying: 500 shares. http://insiderbuyingselling.com/?t=GRNT

User Image MaxAlpha Posted - 2 months ago

$GRNT is this one of the most stealth investments out there? No one on this board, no one on X, website is not updated but stock is up and paying a healthy Dividend 🧐

User Image Stock_Titan Posted - 2 months ago

$GRNT Granite Ridge Resources Declares $0.11 Quarterly Cash Dividend https://www.stocktitan.net/news/GRNT/granite-ridge-resources-declares-0-11-quarterly-cash-25r4kxn73ub2.html

User Image MaxAlpha Posted - 2 months ago

$GRNT mergers and consolidation in the O&G are accelerating. More opportunities for small nimble players…

User Image TurboWago Posted - 2 months ago

$GRNT $VJET $AMTD $LUCY watching for bottoms

User Image laststockstanding Posted - 2 months ago

$GRNT Earnings coming up March 8. Insider buys look okay. Management actually bought with their own money and weren't awarded. Might be worth a small position.

User Image MaxAlpha Posted - 2 months ago

$GRNT $10M cash remaining…I guess now stock price will be heavily tied to the performance of $VTLE

User Image UncleStock Posted - 3 months ago

$MED $GNE $VNDA $GRNT suggested for Uncle's finest - value screen: https://zpr.io/tdAdrCVaxTnP

User Image UncleStock Posted - 3 months ago

$PBF $UNTC $AMR $GRNT suggested for Energy - value screen: https://zpr.io/KRCjJbmMXYBP

User Image MaxAlpha Posted - 3 months ago

$GRNT any thoughts on what drove the price and volume yesterday?

User Image UncleStock Posted - 3 months ago

$PBF $AMR $UNTC $GRNT suggested for Energy - value screen: https://zpr.io/KRCjJbmMXYBP

User Image UncleStock Posted - 3 months ago

$PBF $AMR $UNTC $GRNT suggested for Oil, Gas and Coal - value screen: https://zpr.io/Zp54RdL3vf6v

Analyst Ratings
B of A Securities Buy Nov 7, 23
Stephens & Co. Overweight Sep 27, 23
Insider Trades Relationship Date Transactions Cost($) #Shares Value($) #Share Own SEC Form 4
Miller Matthew Reade Director Director Dec 12 Buy 5.93 2,600 15,418 615,671 12/13/23
MCCARTNEY JOHN Director Director Nov 27 Buy 6.12 500 3,060 28,064 11/28/23
MCCARTNEY JOHN Director Director Nov 22 Buy 6.21 1,500 9,315 27,564 11/27/23
MCCARTNEY JOHN Director Director Nov 20 Buy 6.25 500 3,125 26,064 11/21/23
MCCARTNEY JOHN Director Director Nov 17 Buy 6.23 500 3,115 25,564 11/20/23
MCCARTNEY JOHN Director Director Nov 16 Buy 6.13 500 3,065 25,064 11/17/23
Farquharson Tyler Chief Financial Offi.. Chief Financial Officer Nov 14 Buy 6.03 2,500 15,075 48,186 11/15/23
Miller Matthew Reade Director Director Sep 18 Buy 5.77 17,284 99,729 613,071 09/19/23
GREP GP III, LLC 10% Owner 10% Owner Sep 15 Sell 5 8,165,000 40,825,000 38,563,817 09/15/23
Brandenberg Luke C President and CEO President and CEO Sep 15 Buy 5.00 10,000 50,000 49,820 09/15/23
Farquharson Tyler Chief Financial Offi.. Chief Financial Officer Sep 15 Buy 5.00 10,000 50,000 45,686 09/15/23
MCCARTNEY JOHN Director Director Jun 07 Buy 5.95 1,000 5,950 23,564 06/08/23
MCCARTNEY JOHN Director Director Jun 05 Buy 6.08 1,000 6,080 21,564 06/06/23
Perry Griffin Director Director May 31 Buy 5.47 600 3,282 503,728 05/31/23
Miller Matthew Reade Director Director May 30 Buy 5.85 4,000 23,400 540,312 05/31/23