Granite Ridge Resources Inc's fundamentals are relatively stable, and its growth potential is high.Its valuation is considered fairly valued, ranking 40/120 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 6.92.In the medium term, the stock price is expected to trend down.Despite a weak stock market performance over the past month, 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
40 / 120
Overall Ranking
176 / 4563
Industry
Oil & Gas
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
6
analysts
Buy
Current Rating
6.917
Target Price
+34.30%
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 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 0.95, at a low 3-year percentile range.
Institutional Selling
The latest institutional holdings are 105.87M shares, decreasing 2.73% quarter-over-quarter.
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/
FAQs
What is the current price of Granite Ridge Resources Inc (GRNT)?
The current price of Granite Ridge Resources Inc (GRNT) is 4.655.
What is the symbol of Granite Ridge Resources Inc?
The ticker symbol of Granite Ridge Resources Inc is GRNT.
What is the 52-week high of Granite Ridge Resources Inc?
The 52-week high of Granite Ridge Resources Inc is 7.000.
What is the 52-week low of Granite Ridge Resources Inc?
The 52-week low of Granite Ridge Resources Inc is 4.520.
What is the market capitalization of Granite Ridge Resources Inc?
The market capitalization of Granite Ridge Resources Inc is 610.97M.
What is the net income of Granite Ridge Resources Inc?
The net income of Granite Ridge Resources Inc is 18.55M.
Is Granite Ridge Resources Inc (GRNT) currently rated as Buy, Hold, or Sell?
According to analysts, Granite Ridge Resources Inc (GRNT) has an overall rating of Buy, with a price target of 6.917.
What is the Earnings Per Share (EPS TTM) of Granite Ridge Resources Inc (GRNT)?
The Earnings Per Share (EPS TTM) of Granite Ridge Resources Inc (GRNT) is 0.287.