NYSE:GRNT

Granite Ridge Resources (GRNT) Stock Forecast, Price & News

$5.31

-0.69 (-11.50%)

(As of 05/19/2023 08:48 PM ET)

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Today's Range: $5.13
▼
$5.57
50-Day Range: $4.98
▼
$6.37
52-Week Range: $4.82
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$14.00

Volume: 348,700 shs
Average Volume: 54,414 shs
Market Capitalization: $706.44 million

P/E Ratio: N/A
Dividend Yield: 8.29%
Price Target: N/A

About Granite Ridge Resources (NYSE:GRNT) Stock

Grey Rock Energy Management, LLC manages private funds with interests in areas of the Midland, Delaware, Bakken, Eagle Ford, DJ, and Haynesville play. It invests in oil and gas exploration and production. The company was formerly known as Granite Ridge Resources, Inc. The company is based in Dallas, Texas.

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GRNT Stock News Headlines

May 19, 2023 | seekingalpha.com

AMTX, BANL among Energy/Materials gainers; NRT, GRNT among losers

May 19, 2023 | finance.yahoo.com

Granite Ridge Resources, Inc. Announces Commencement of Exchange Offer and Consent Solicitation Relating to Warrants

May 22, 2023 | Stansberry Research (Ad)

Famous Wall Street Crash System Flashes RED

Hundreds of banks, hedge funds, and brokerages have paid $5,000 a month to access these alerts. Because when this system flashes on U.S. stocks, huge gains – and losses – can follow.

May 19, 2023 | americanbankingnews.com

Q2 2023 Earnings Estimate for Granite Ridge Resources, Inc. (NYSE:GRNT) Issued By Capital One Financial

May 14, 2023 | finance.yahoo.com

Granite Ridge Resources, Inc. (GRNT)

May 13, 2023 | investing.com

Granite Ridge Resources Inc (GRNT)

May 11, 2023 | finance.yahoo.com

Granite Ridge Resources Inc. Reports First-Quarter 2023 Results and Provides Updated Outlook for 2023

May 10, 2023 | americanbankingnews.com

Critical Contrast: Granite Ridge Resources (NYSE:GRNT) and Diamondback Energy (NASDAQ:FANG)

May 22, 2023 | Stansberry Research (Ad)

Famous Wall Street Crash System Flashes RED

Hundreds of banks, hedge funds, and brokerages have paid $5,000 a month to access these alerts. Because when this system flashes on U.S. stocks, huge gains – and losses – can follow.

May 10, 2023 | americanbankingnews.com

Granite Ridge Resources (GRNT) Scheduled to Post Earnings on Thursday

May 3, 2023 | americanbankingnews.com

Granite Ridge Resources (NYSE:GRNT) Shares Gap Up to $5.68

April 26, 2023 | americanbankingnews.com

Capital One Financial Weighs in on Granite Ridge Resources, Inc.'s Q1 2023 Earnings (NYSE:GRNT)

April 12, 2023 | americanbankingnews.com

Capital One Financial Analysts Raise Earnings Estimates for Granite Ridge Resources, Inc. (NYSE:GRNT)

March 31, 2023 | americanbankingnews.com

Granite Ridge Resources, Inc. to Post Q4 2023 Earnings of $0.31 Per Share, Capital One Financial Forecasts (NYSE:GRNT)

March 31, 2023 | americanbankingnews.com

Capital One Financial Analysts Reduce Earnings Estimates for Granite Ridge Resources, Inc. (NYSE:GRNT)

March 30, 2023 | americanbankingnews.com

Granite Ridge Resources (NYSE:GRNT) Sees Unusually-High Trading Volume

March 29, 2023 | seekingalpha.com

Granite Ridge Resources, Inc. 2022 Q4 - Results - Earnings Call Presentation

March 27, 2023 | americanbankingnews.com

Granite Ridge Resources (GRNT) Set to Announce Earnings on Tuesday

March 22, 2023 | americanbankingnews.com

Granite Ridge Resources (NYSE:GRNT) Shares Gap Down to $5.20

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GRNT Company Calendar

Ex-Dividend for 3/15 Dividend: 2/28/2023
Dividend Payable: 3/15/2023
Last Earnings: 3/27/2023
Today: 5/22/2023
Next Earnings (Estimated): 8/10/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSE:GRNT
CUSIP: N/A
CIK: 1928446
Web: www.graniteridge.com
Phone: 214-396-2850
Fax: N/A
Employees: N/A
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $262.34 million
Net Margins: N/A
Pretax Margin: 97.50%
Return on Equity: 25.15%
Return on Assets: 16.80%

Debt

Debt-to-Equity Ratio: 0.04
Current Ratio: 1.60
Quick Ratio: 2.28

Sales & Book Value

Annual Sales: $497.42 million
Price / Sales: 1.42
Cash Flow: $2.34 per share
Price / Cash Flow: 2.27
Book Value: $4.85 per share
Price / Book: 1.09

Miscellaneous

Outstanding Shares: 133,040,000
Free Float: 131,175,000
Market Cap: $706.44 million
Optionable: Not Optionable
Beta: -0.10

Key Executives

Mr. Matthew Reade Miller C.F.A. (Age 39)
Co-Founder & Co-Chairman

Mr. Griffin Andrew Perry (Age 40)
Co-Founder & Co-Chairman

Mr. Luke C. Brandenberg (Age 38)
CEO & Pres

Mr. Kirk Vincent Lazarine (Age 70)
Co-Founder, MD & Director

Mr. Tyler S. Farquharson (Age 41)
Chief Financial Officer

Ms. Emily Tubb Fuquay
Gen. Counsel and Chief Compliance Officer

Mr. Adam Griffin
Partner of Land

Mr. Suhrid Mantravadi
Partner

Mr. Witt Meloni
Assistant Controller

Mr. Wade Caston
Assistant Controller

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

GRNT Stock - Frequently Asked Questions

How have GRNT shares performed in 2023?: Granite Ridge Resources' stock was trading at $9.03 at the beginning of the year. Since then, GRNT shares have decreased by 41.2% and is now trading at $5.31.
View the best growth stocks for 2023 here.
When is Granite Ridge Resources' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our GRNT earnings forecast.
How were Granite Ridge Resources' earnings last quarter?: Granite Ridge Resources, Inc. (NYSE:GRNT) announced its quarterly earnings data on Monday, March, 27th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by $0.09. The business earned $116.34 million during the quarter.
How often does Granite Ridge Resources pay dividends? What is the dividend yield for Granite Ridge Resources?: Granite Ridge Resources announced a quarterly dividend on Tuesday, February 21st. Shareholders of record on Wednesday, March 1st will be paid a dividend of $0.11 per share on Wednesday, March 15th. This represents a $0.44 dividend on an annualized basis and a yield of 8.29%. The ex-dividend date of this dividend is Tuesday, February 28th.
Read our dividend analysis for GRNT.
Is Granite Ridge Resources a good dividend stock?: Granite Ridge Resources (NYSE:GRNT) pays an annual dividend of $0.44 per share and currently has a dividend yield of 7.33%. GRNT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for GRNT.

What is Granite Ridge Resources' stock symbol?: Granite Ridge Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "GRNT."
Who are Granite Ridge Resources' major shareholders?: Granite Ridge Resources' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Hamilton Lane Advisors LLC (2.86%), Sfmg LLC (0.14%), Geode Capital Management LLC (0.12%), Howard Financial Services LTD. (0.03%), Northwestern University (0.03%) and JPMorgan Chase & Co. (0.02%).
How do I buy shares of Granite Ridge Resources?: Shares of GRNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Granite Ridge Resources' stock price today?: One share of GRNT stock can currently be purchased for approximately $5.31.
How much money does Granite Ridge Resources make?: Granite Ridge Resources (NYSE:GRNT) has a market capitalization of $706.44 million and generates $497.42 million in revenue each year.
How can I contact Granite Ridge Resources?: Granite Ridge Resources' mailing address is 137 NEWBURY STREET 7TH FLOOR, BOSTON MA, 02116. The official website for the company is www.graniteridge.com. The company can be reached via phone at 214-396-2850 or via email at ew@enpc.co.

This page (NYSE:GRNT) was last updated on 5/22/2023 by MarketBeat.com Staff

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