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.
Media Coverage
The current financial score of Granite Ridge Resources Inc is 7.83, ranking 44 out of 119 in the Oil & Gas industry. Its financial status is weak, and its operating efficiency is high. Its latest quarterly revenue reached 112.67M, representing a year-over-year increase of 19.77%, while its net profit experienced a year-over-year increase of 60.50%.
Key Metrics
The current valuation score of Granite Ridge Resources Inc is 8.31, ranking 35 out of 119 in the Oil & Gas industry. Its current P/E ratio is 17.75, which is 303.65% below the recent high of 71.66 and 85.75% above the recent low of 2.53.
The current earnings forecast score of Granite Ridge Resources Inc is 7.00, ranking 63 out of 119 in the Oil & Gas industry. The average price target is 6.50, 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 current price momentum score of Granite Ridge Resources Inc is 8.34, ranking 84 out of 119 in the Oil & Gas industry. Currently, the stock price is trading between the resistance level at 5.38 and the support level at 4.55, making it suitable for range-bound swing trading.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
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The current institutional shareholding score of Granite Ridge Resources Inc is 7.00, ranking 29 out of 119 in the Oil & Gas industry. The latest institutional shareholding proportion is 80.31%, representing a quarter-over-quarter decrease of 0.44%. The largest institutional shareholder is The Vanguard, holding a total of 4.57M shares, representing 3.49% of shares outstanding, with 9.68% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Oil & Gas domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Granite Ridge Resources Inc is 5.67, ranking 67 out of 119 in the Oil & Gas industry. The company's beta value is 0.31. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. with an industry-leading ESG disclosure.
