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Granite Ridge Resources Inc

GRNT
View Detailed Chart
5.100USD
+0.140+2.82%
Close 02/06, 16:00ETQuotes delayed by 15 min
669.38MMarket Cap
17.75P/E TTM

Granite Ridge Resources Inc

5.100
+0.140+2.82%
Intraday
1m
30m
1h
D
W
M
D

Today

+2.82%

5 Days

+1.59%

1 Month

+16.17%

6 Months

+4.29%

Year to Date

+8.51%

1 Year

-16.80%

View Detailed Chart

Key Insights

Granite Ridge Resources Inc's fundamentals are relatively stable, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 36 out of 119 in the Oil & Gas industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 6.83.In the medium term, the stock price is expected to remain stable.The company has been performing strongly in the stock market over the past month, which is supported by its 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
36 / 119
Overall Ranking
138 / 4521
Industry
Oil & Gas

Support & Resistance

Relevant data have not been disclosed by the company yet.

Score Analysis

Current score
Previous score

Media Coverage

Last 24 hours
Coverage Level

Very Low
Very High
Neutral

Granite Ridge Resources Inc Highlights

StrengthsRisks
Granite Ridge Resources, Inc. is a scaled energy company. The Company owns assets in six unconventional basins across the United States. It holds assets in the Permian (Delaware and Midland basins), Eagle Ford, Bakken, Haynesville, Denver-Julesburg (DJ) and Appalachian basins (Properties). 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 the 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 natural gas basin located in northwestern Louisiana and east Texas. The DJ Basin is a geologic basin centered in eastern Colorado, stretching into southeast Wyoming, western Nebraska and western Kansas. The Appalachian Basin is a geologic basin in the eastern United States.
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 1.04, at a low 3-year percentile range.
Institutional Selling
The latest institutional holdings are 105.40M shares, decreasing 8.36% quarter-over-quarter.
Held by CI Select Canadian Equity Fund
Star Investor CI Select Canadian Equity Fund holds 1.59K shares of this stock.

Analyst Rating

Based on 6 analysts
Buy
Current Rating
6.833
Target Price
+37.77%
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 News

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Financial Indicators

EPS

Relevant data have not been disclosed by the company yet.

Total revenue

Relevant data have not been disclosed by the company yet.

Granite Ridge Resources Inc Info

Granite Ridge Resources, Inc. is a scaled energy company. The Company owns assets in six unconventional basins across the United States. It holds assets in the Permian (Delaware and Midland basins), Eagle Ford, Bakken, Haynesville, Denver-Julesburg (DJ) and Appalachian basins (Properties). 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 the 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 natural gas basin located in northwestern Louisiana and east Texas. The DJ Basin is a geologic basin centered in eastern Colorado, stretching into southeast Wyoming, western Nebraska and western Kansas. The Appalachian Basin is a geologic basin in the eastern United States.
Ticker SymbolGRNT
CompanyGranite Ridge Resources Inc
CEOFarquharson (Tyler S)
Websitehttps://www.graniteridge.com/
KeyAI