Q1 EPS Estimates for GRNT Increased by Capital One Financial

Granite Ridge Resources, Inc. (NYSE:GRNT) – Analysts at Capital One Financial upped their Q1 2025 EPS estimates for Granite Ridge Resources in a research report issued on Monday, November 18th. Capital One Financial analyst P. Johnston now forecasts that the company will earn $0.10 per share for the quarter, up from their previous forecast of $0.08. 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 $0.10 EPS, Q3 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.10 EPS, FY2025 earnings at $0.41 EPS and FY2026 earnings at $0.51 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 Trading Up 1.4 %

Shares of NYSE:GRNT opened at $6.61 on Thursday. The stock’s fifty day moving average price is $6.18 and its 200-day moving average price is $6.33. Granite Ridge Resources has a 1 year low of $5.20 and a 1 year high of $7.10. The company has a market cap of $864.19 million, a P/E ratio of 18.36, a PEG ratio of 1.72 and a beta of 0.19. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 1.56.

Granite Ridge Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 6.66%. The ex-dividend date of this dividend is Friday, November 29th. Granite Ridge Resources’s dividend payout ratio (DPR) is 122.23%.

Insider Activity at Granite Ridge Resources

In related news, Director Matthew Reade Miller bought 18,173 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was bought at an average price of $6.49 per share, for a total transaction of $117,942.77. Following the transaction, the director now directly owns 711,164 shares in the company, valued at $4,615,454.36. This represents a 2.62 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Tyler Farquharson purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average price of $5.95 per share, for a total transaction of $29,750.00. Following the purchase, the chief financial officer now owns 81,723 shares in the company, valued at $486,251.85. The trade was a 6.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 43,168 shares of company stock worth $273,362 in the last three months. 1.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Granite Ridge Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC boosted its position in Granite Ridge Resources by 4,228.0% during the 2nd quarter. CWM LLC now owns 10,214 shares of the company’s stock worth $65,000 after acquiring an additional 9,978 shares during the last quarter. Ground Swell Capital LLC acquired a new position in Granite Ridge Resources during the third quarter worth $66,000. nVerses Capital LLC bought a new position in Granite Ridge Resources in the second quarter valued at $99,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Granite Ridge Resources by 20.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,876 shares of the company’s stock worth $100,000 after buying an additional 2,709 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Granite Ridge Resources by 52.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,206 shares of the company’s stock worth $147,000 after buying an additional 7,965 shares during the last quarter. Institutional investors and hedge funds own 31.56% of the company’s stock.

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.