GRNT FY2026 EPS Estimate Boosted by Capital One Financial

Granite Ridge Resources, Inc. (NYSE:GRNT) – Equities researchers at Capital One Financial raised their FY2026 earnings per share (EPS) estimates for Granite Ridge Resources in a report issued on Tuesday, March 25th. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings of $0.71 per share for the year, up from their prior forecast of $0.58. Capital One Financial currently has a “Equal Weight” rating on the stock. The consensus estimate for Granite Ridge Resources’ current full-year earnings is $0.52 per share.

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

Granite Ridge Resources Stock Down 0.6 %

Shares of NYSE:GRNT opened at $6.20 on Thursday. The business has a fifty day moving average of $6.08 and a two-hundred day moving average of $6.20. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. The stock has a market cap of $810.39 million, a P/E ratio of 17.21, a PEG ratio of 1.29 and a beta of 0.23. Granite Ridge Resources has a 52-week low of $5.27 and a 52-week high of $7.10.

Granite Ridge Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.11 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.10%. Granite Ridge Resources’s payout ratio is currently 314.29%.

Hedge Funds Weigh In On Granite Ridge Resources

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

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.