GRNT Stock Overview
Operates as a non-operated oil and gas exploration and production company. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 2/6 |
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US$7.56
FV
13.8% undervalued intrinsic discount18.33%
Revenue growth p.a.
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Granite Ridge Resources, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$6.52 |
| 52 Week High | US$7.10 |
| 52 Week Low | US$5.20 |
| Beta | 0.17 |
| 11 Month Change | 8.85% |
| 3 Month Change | 3.99% |
| 1 Year Change | 5.33% |
| 33 Year Change | -33.81% |
| 5 Year Change | n/a |
| Change since IPO | -34.34% |
Recent News & Updates
Granite Ridge Resources: 2025 Oil Production May Increase By Over 20%
Nov 16Some May Be Optimistic About Granite Ridge Resources' (NYSE:GRNT) Earnings
Nov 15
Granite Ridge Resources (NYSE:GRNT) Has Affirmed Its Dividend Of $0.11
Nov 12Recent updates
Granite Ridge Resources: 2025 Oil Production May Increase By Over 20%
Nov 16Some May Be Optimistic About Granite Ridge Resources' (NYSE:GRNT) Earnings
Nov 15Granite Ridge Resources (NYSE:GRNT) Has Affirmed Its Dividend Of $0.11
Nov 12Granite Ridge Resources: Increased Spending Expected To Boost Early 2025 Production
Sep 18Is Granite Ridge Resources, Inc. (NYSE:GRNT) Trading At A 24% Discount?
Sep 18Granite Ridge Resources' (NYSE:GRNT) Dividend Will Be $0.11
Aug 26Granite Ridge Resources (NYSE:GRNT) Is Paying Out A Dividend Of $0.11
Aug 12Is Granite Ridge Resources (NYSE:GRNT) A Risky Investment?
Aug 03Granite Ridge Resources: Free Cash Flow May Be Close To Zero In 2024
Jun 18Investors Will Want Granite Ridge Resources' (NYSE:GRNT) Growth In ROCE To Persist
Jun 10Granite Ridge Resources (NYSE:GRNT) Is Due To Pay A Dividend Of $0.11
May 21Estimating The Fair Value Of Granite Ridge Resources, Inc. (NYSE:GRNT)
May 14Granite Ridge Resources: Balancing Production Growth With Increasing Debt
Apr 05Granite Ridge Resources' (NYSE:GRNT) Soft Earnings Are Actually Better Than They Appear
Mar 15There Is A Reason Granite Ridge Resources, Inc.'s (NYSE:GRNT) Price Is Undemanding
Mar 10Granite Ridge Resources (NYSE:GRNT) Takes On Some Risk With Its Use Of Debt
Feb 16Granite Ridge Resources Pre Announces Q4 Beat And Offers Positive Operations Update
Feb 05Granite Ridge Resources: Debt Remains Reasonable Despite Spending To Grow Production
Dec 08Granite Ridge: Secondary Creates Buying Opportunity
Sep 29Granite Ridge Resources: Attempting To Scale Up Production
Aug 30Granite Ridge Resources: Exceptional Team, Better Guidance, And Quite Cheap
Jun 14We Think Granite Ridge Resources (NYSE:GRNT) Might Have The DNA Of A Multi-Bagger
Mar 28Granite Ridge Resources raises dividend by 37.5% to $0.11
Feb 21Granite Ridge Resources reports Q3 results
Nov 14Shareholder Returns
| GRNT | US Oil and Gas | US Market | |
|---|---|---|---|
| 7D | -0.2% | 1.9% | -1.0% |
| 1Y | 5.3% | 16.1% | 30.3% |
Return vs Industry: GRNT underperformed the US Oil and Gas industry which returned 14.9% over the past year.
Return vs Market: GRNT underperformed the US Market which returned 30.4% over the past year.
Price Volatility
| GRNT volatility | |
|---|---|
| GRNT Average Weekly Movement | 4.3% |
| Oil and Gas Industry Average Movement | 5.3% |
| Market Average Movement | 6.2% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: GRNT has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: GRNT's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 2 | Luke Brandenberg | 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
| GRNT fundamental statistics | |
|---|---|
| Market cap | US$849.84m |
| Earnings (TTM) | US$47.72m |
| Revenue (TTM) | US$358.52m |
17.9x
P/E Ratio2.4x
P/S RatioIs GRNT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GRNT income statement (TTM) | |
|---|---|
| Revenue | US$358.52m |
| Cost of Revenue | US$62.45m |
| Gross Profit | US$296.07m |
| Other Expenses | US$248.34m |
| Earnings | US$47.72m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.37 |
| Gross Margin | 82.58% |
| Net Profit Margin | 13.31% |
| Debt/Equity Ratio | 29.5% |
How did GRNT perform over the long term?
See historical performance and comparisonDividends
6.7%
Current Dividend Yield120%
Payout RatioDoes GRNT pay a reliable dividends?
See GRNT dividend history and benchmarks| Granite Ridge Resources dividend dates | |
|---|---|
| Ex Dividend Date | Nov 29 2024 |
| Dividend Pay Date | Dec 16 2024 |
| Days until Ex dividend | 8 days |
| Days until Dividend pay date | 25 days |
Does GRNT pay a reliable dividends?
See GRNT dividend history and benchmarks