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Granite Ridge Resources NYSE:GRNT Stock Report

Last Price

US$6.50

Market Cap

US$819.2m

7D

0.5%

1Y

10.0%

Updated

28 Mar, 2024

Data

Company Financials +

Granite Ridge Resources, Inc.

NYSE:GRNT Stock Report

Market Cap: US$819.2m

GRNT Stock Overview

Granite Ridge Resources, Inc. operates as a non-operated oil and gas exploration and production company.

GRNT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance0/6
Financial Health4/6
Dividends3/6

Granite Ridge Resources, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Granite Ridge Resources
Historical stock prices
Current Share PriceUS$6.50
52 Week HighUS$8.14
52 Week LowUS$5.00
Beta0.18
1 Month Change4.00%
3 Month Change7.97%
1 Year Change9.98%
3 Year Change-33.26%
5 Year Changen/a
Change since IPO-34.54%

Recent News & Updates

Granite Ridge Resources' (NYSE:GRNT) Soft Earnings Are Actually Better Than They Appear

Mar 15
Granite Ridge Resources' (NYSE:GRNT) Soft Earnings Are Actually Better Than They Appear

There Is A Reason Granite Ridge Resources, Inc.'s (NYSE:GRNT) Price Is Undemanding

Mar 10
There Is A Reason Granite Ridge Resources, Inc.'s (NYSE:GRNT) Price Is Undemanding

Recent updates

Granite Ridge Resources' (NYSE:GRNT) Soft Earnings Are Actually Better Than They Appear

Mar 15
Granite Ridge Resources' (NYSE:GRNT) Soft Earnings Are Actually Better Than They Appear

There Is A Reason Granite Ridge Resources, Inc.'s (NYSE:GRNT) Price Is Undemanding

Mar 10
There Is A Reason Granite Ridge Resources, Inc.'s (NYSE:GRNT) Price Is Undemanding

Granite Ridge Resources (NYSE:GRNT) Takes On Some Risk With Its Use Of Debt

Feb 16
Granite Ridge Resources (NYSE:GRNT) Takes On Some Risk With Its Use Of Debt

Granite Ridge Resources Pre Announces Q4 Beat And Offers Positive Operations Update

Feb 05

Granite Ridge Resources: Debt Remains Reasonable Despite Spending To Grow Production

Dec 08

Granite Ridge: Secondary Creates Buying Opportunity

Sep 29

Granite Ridge Resources: Attempting To Scale Up Production

Aug 30

Granite Ridge Resources: Exceptional Team, Better Guidance, And Quite Cheap

Jun 14

We Think Granite Ridge Resources (NYSE:GRNT) Might Have The DNA Of A Multi-Bagger

Mar 28
We Think Granite Ridge Resources (NYSE:GRNT) Might Have The DNA Of A Multi-Bagger

Granite Ridge Resources raises dividend by 37.5% to $0.11

Feb 21

Granite Ridge Resources reports Q3 results

Nov 14

Shareholder Returns

GRNTUS Oil and GasUS Market
7D0.5%1.2%0.4%
1Y10.0%14.5%28.8%

Return vs Industry: GRNT underperformed the US Oil and Gas industry which returned 14.5% over the past year.

Return vs Market: GRNT underperformed the US Market which returned 28.8% over the past year.

Price Volatility

Is GRNT's price volatile compared to industry and market?
GRNT volatility
GRNT Average Weekly Movement4.4%
Oil and Gas Industry Average Movement4.9%
Market Average Movement6.0%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.0%

Stable Share Price: GRNT has not had significant price volatility in the past 3 months.

Volatility Over Time: GRNT's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a2Luke Brandenberghttps://www.graniteridge.com

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.

Granite Ridge Resources, Inc. Fundamentals Summary

How do Granite Ridge Resources's earnings and revenue compare to its market cap?
GRNT fundamental statistics
Market capUS$819.22m
Earnings (TTM)US$80.95m
Revenue (TTM)US$369.17m

10.5x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GRNT income statement (TTM)
RevenueUS$369.17m
Cost of RevenueUS$63.33m
Gross ProfitUS$305.84m
Other ExpensesUS$224.89m
EarningsUS$80.95m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)0.62
Gross Margin82.85%
Net Profit Margin21.93%
Debt/Equity Ratio16.4%

How did GRNT perform over the long term?

See historical performance and comparison

Dividends

6.8%

Current Dividend Yield

72%

Payout Ratio
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