Equities Analysts Issue Forecasts for GRNT Q1 Earnings

Granite Ridge Resources, Inc. (NYSE:GRNT) – Research analysts at Capital One Financial lifted their Q1 2025 earnings per share (EPS) estimates for shares of Granite Ridge Resources in a research report issued to clients and investors on Wednesday, January 8th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings per share of $0.14 for the quarter, up from their prior 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 decreased 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 report on Monday, September 30th.

Granite Ridge Resources Trading Up 0.7 %

Shares of NYSE GRNT opened at $6.86 on Friday. Granite Ridge Resources has a one year low of $5.20 and a one year high of $7.10. The firm has a market capitalization of $896.90 million, a PE ratio of 19.06, a PEG ratio of 1.61 and a beta of 0.22. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average price of $6.35 and a two-hundred day moving average price of $6.32.

Granite Ridge Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 6.41%. The ex-dividend date was Friday, November 29th. Granite Ridge Resources’s dividend payout ratio is currently 122.22%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Granite Ridge Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GRNT. Principal Financial Group Inc. increased its holdings in shares of Granite Ridge Resources by 17.2% in the second quarter. Principal Financial Group Inc. now owns 27,072 shares of the company’s stock worth $171,000 after acquiring an additional 3,980 shares in the last quarter. Rhumbline Advisers boosted its position in Granite Ridge Resources by 66.5% during the second quarter. Rhumbline Advisers now owns 73,052 shares of the company’s stock valued at $462,000 after purchasing an additional 29,167 shares during the last quarter. American Century Companies Inc. boosted its position in Granite Ridge Resources by 35.8% during the second quarter. American Century Companies Inc. now owns 1,357,179 shares of the company’s stock valued at $8,591,000 after purchasing an additional 357,705 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in Granite Ridge Resources during the second quarter valued at approximately $2,891,000. Finally, Denali Advisors LLC acquired a new position in Granite Ridge Resources during the second quarter valued at approximately $802,000. Institutional investors own 31.56% of the company’s stock.

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.