Capital One Financial Estimates GRNT Q1 Earnings

Granite Ridge Resources, Inc. (NYSE:GRNT) – Stock analysts at Capital One Financial raised their Q1 2025 earnings per share (EPS) estimates for Granite Ridge Resources in a research note issued on Tuesday, March 25th. Capital One Financial analyst P. Johnston now expects that the company will earn $0.18 per share for the quarter, up from their prior forecast of $0.14. Capital One Financial has a “Equal Weight” rating on the stock. The consensus estimate for Granite Ridge Resources’ current full-year earnings is $0.52 per share. Capital One Financial also issued estimates for Granite Ridge Resources’ Q2 2025 earnings at $0.17 EPS, Q3 2025 earnings at $0.18 EPS, Q4 2025 earnings at $0.18 EPS and FY2025 earnings at $0.71 EPS.

Separately, Stephens restated an “overweight” rating and issued a $8.00 price target on shares of Granite Ridge Resources in a research report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Granite Ridge Resources has an average rating of “Moderate Buy” and a consensus target price of $7.70.

Granite Ridge Resources Stock Up 0.2 %

GRNT opened at $6.22 on Wednesday. The firm has a market cap of $813.00 million, a price-to-earnings ratio of 17.26, a PEG ratio of 1.29 and a beta of 0.23. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.56 and a current ratio of 1.56. The firm’s 50-day simple moving average is $6.09 and its 200-day simple moving average is $6.20. Granite Ridge Resources has a twelve month low of $5.27 and a twelve month high of $7.10.

Institutional Investors Weigh In On Granite Ridge Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP grew its stake in shares of Granite Ridge Resources by 691.0% during the fourth quarter. Quantbot Technologies LP now owns 9,112 shares of the company’s stock valued at $59,000 after purchasing an additional 7,960 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Granite Ridge Resources in the 4th quarter valued at $62,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Granite Ridge Resources in the 4th quarter valued at $68,000. One68 Global Capital LLC bought a new stake in shares of Granite Ridge Resources during the fourth quarter worth $71,000. Finally, Belvedere Trading LLC acquired a new position in shares of Granite Ridge Resources during the fourth quarter valued at $75,000. Institutional investors and hedge funds own 31.56% of the company’s stock.

Granite Ridge Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.44 annualized dividend and a yield of 7.08%. Granite Ridge Resources’s dividend payout ratio (DPR) is 314.29%.

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.