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Granite Ridge Resources Inc

GRNT
View Detailed Chart
5.150USD
-0.255-4.72%
Close 11/07, 16:00ETQuotes delayed by 15 min
676.01MMarket Cap
21.11P/E TTM

Granite Ridge Resources Inc

5.150
-0.255-4.72%
Intraday
1m
30m
1h
D
W
M
D

Today

-4.72%

5 Days

-2.46%

1 Month

-6.19%

6 Months

-0.58%

Year to Date

-20.28%

1 Year

-20.89%

View Detailed Chart

Key Insights

The company's fundamentals are relatively stable. Its valuation is considered undervalued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite an average stock market performance, the company shows strong fundamentals and technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.

Granite Ridge Resources Inc's Score

Industry at a Glance

Industry Ranking
49 / 123
Overall Ranking
164 / 4614
Industry
Oil & Gas

Support & Resistance

No Data

Score Analysis

Current score
Previous score

Analyst Rating

Based on 6 analysts
Buy
Current Rating
7.050
Target Price
+36.89%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.

Granite Ridge Resources Inc Highlights

StrengthsRisks
Granite Ridge Resources, Inc. is an oil and gas exploration and production company. It owns a portfolio of wells and top-tier acreage across the Permian and four other prolific unconventional basins across the United States. It holds interests in wells in core operating areas of the Permian, Eagle Ford, Bakken, Haynesville and Denver-Julesburg (DJ) plays. It owns an interest in approximately 2,826 gross (176.50 net) producing wells, 309,472. The Permian Basin extends from southeastern New Mexico into west Texas. The Permian Basin consists of mature legacy onshore oil and liquids-rich natural gas reservoirs. The Eagle Ford shale formation stretches across south Texas and includes Austin Chalk and Buda formations. The Williston Basin stretches through North Dakota, the northwest part of South Dakota, and eastern Montana. The Haynesville Basin is a premier natural gas basin located in Northwestern Louisiana and East Texas. The DJ basin is a geologic basin centered in eastern Colorado.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 309.97%.
Undervalued
The company’s latest PB is 1.05, at a low 3-year percentile range.
Institutional Selling
The latest institutional holdings are 105.71M shares, decreasing 2.66% quarter-over-quarter.
Held by PRFDX
Star Investor PRFDX holds 4.42K shares of this stock.

Granite Ridge Resources Inc News

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Financial Indicators

EPS

No Data

Total revenue

No Data

Granite Ridge Resources Inc Info

Granite Ridge Resources, Inc. is an oil and gas exploration and production company. It owns a portfolio of wells and top-tier acreage across the Permian and four other prolific unconventional basins across the United States. It holds interests in wells in core operating areas of the Permian, Eagle Ford, Bakken, Haynesville and Denver-Julesburg (DJ) plays. It owns an interest in approximately 2,826 gross (176.50 net) producing wells, 309,472. The Permian Basin extends from southeastern New Mexico into west Texas. The Permian Basin consists of mature legacy onshore oil and liquids-rich natural gas reservoirs. The Eagle Ford shale formation stretches across south Texas and includes Austin Chalk and Buda formations. The Williston Basin stretches through North Dakota, the northwest part of South Dakota, and eastern Montana. The Haynesville Basin is a premier natural gas basin located in Northwestern Louisiana and East Texas. The DJ basin is a geologic basin centered in eastern Colorado.
Ticker SymbolGRNT
CompanyGranite Ridge Resources Inc
CEOMr. Tyler S. Farquharson
Websitehttps://www.graniteridge.com/
KeyAI