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.
The company's current financial score is 7.32, which is higher than the Oil & Gas industry's average of 7.21. Its financial status is weak, and its operating efficiency is high. Its latest quarterly revenue reached 109.22M, representing a year-over-year increase of 20.48%, while its net profit experienced a year-over-year increase of 394.94%.
Key Metrics
The company’s current valuation score is 8.31, which is higher than the Oil & Gas industry's average of 7.44. Its current P/E ratio is 20.96, which is 241.92% below the recent high of 71.66 and 87.93% above the recent low of 2.53.
The company’s current earnings forecast score is 7.33, which is lower than the Oil & Gas industry's average of 7.36. The average price target for Granite Ridge Resources Inc is 6.90, with a high of 9.00 and a low of 5.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The company’s current price momentum score is 6.84, which is lower than the Oil & Gas industry's average of 7.56. Sideways: Currently, the stock price is trading between the resistance level at 5.46 and the support level at 4.85, making it suitable for range-bound swing trading.
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The company’s current institutional recognition score is 7.00, which is higher than the Oil & Gas industry's average of 5.67. The latest institutional shareholding proportion is 80.55%, representing a quarter-over-quarter decrease of 3.40%. The largest institutional shareholder is The Vanguard, holding a total of 4.18M shares, representing 3.18% of shares outstanding, with 1.43% decrease in holdings.
The company’s current risk assessment score is 5.69, which is lower than the Oil & Gas industry's average of 6.35. The company's beta value is 0.30. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets.
