Granite Ridge Resources Inc [NYSE: GRNT] slipped around -0.1 points on Friday, while shares priced at $5.56 at the close of the session, down -1.77%.
Granite Ridge Resources Inc stock is now -14.46% down from its year-to-date (YTD) trading value. GRNT Stock saw the intraday high of $5.5975 and lowest of $5.51 per share. The company’s 52-week high price is 7.00, which means current price is +23.01% above from all time high which was touched on 01/10/25.
Compared to the average trading volume of 719.07K shares, GRNT reached a trading volume of 482069 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Granite Ridge Resources Inc [GRNT]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GRNT shares is $7.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GRNT stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
CapitalOne have made an estimate for Granite Ridge Resources Inc shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on February 21, 2025. While these analysts kept the previous recommendation, BofA Securities raised their target price to Neutral. The new note on the price target was released on June 14, 2024, representing the official price target for Granite Ridge Resources Inc stock. Previously, the target price had yet another raise to $8.80, while ROTH MKM analysts kept a Buy rating on GRNT stock.
The Price to Book ratio for the last quarter was 1.14, with the Price to Cash per share for the same quarter was set at 0.11.
How has GRNT stock performed recently?
Granite Ridge Resources Inc [GRNT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.97. With this latest performance, GRNT shares gained by 7.13% in over the last four-week period, additionally sinking by -5.28% over the last 6 months – not to mention a drop of -13.93% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GRNT stock in for the last two-week period is set at 54.21, with the RSI for the last a single of trading hit 0.19, and the three-weeks RSI is set at 0.19 for Granite Ridge Resources Inc [GRNT]. The present Moving Average for the last 50 days of trading for this stock 5.59, while it was recorded at 5.62 for the last single week of trading, and 5.84 for the last 200 days.
Granite Ridge Resources Inc [GRNT]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Granite Ridge Resources Inc [GRNT] shares currently have an operating margin of 26.83% and a Gross Margin at 33.19%. Granite Ridge Resources Inc’s Net Margin is presently recorded at 7.40%.
Granite Ridge Resources Inc (GRNT) Capital Structure & Debt Analysis
According to recent financial data for Granite Ridge Resources Inc. ( GRNT), the Return on Equity (ROE) stands at 4.90%, suggesting modest shareholder returns. The Return on Assets (ROA) is 3.06%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Granite Ridge Resources Inc’s Return on Invested Capital (ROIC) is 3.49%, showcasing its effectiveness in deploying capital for earnings.
Granite Ridge Resources Inc (GRNT) Efficiency & Liquidity Metrics
Based on Granite Ridge Resources Inc’s (GRNT) latest financial statements, the Debt-to-Equity Ratio is 0.43%, indicating its reliance on debt financing relative to shareholder equity.
Granite Ridge Resources Inc (GRNT) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Granite Ridge Resources Inc. (GRNT) effectively leverages its workforce, generating an average of $10676666.67 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.32% and a Quick Ratio of 1.32%, indicating strong ability to cover short-term liabilities.
Earnings analysis for Granite Ridge Resources Inc [GRNT]
With the latest financial reports released by the company, Granite Ridge Resources Inc posted 0.14/share EPS, while the average EPS was predicted by analysts to be reported at 0.14/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GRNT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Granite Ridge Resources Inc go to 8.60%.
Insider trade positions for Granite Ridge Resources Inc [GRNT]
There are presently around $81.32%, or 88.70%% of GRNT stock, in the hands of institutional investors. The top three institutional holders of GRNT stocks are: HAMILTON LANE ADVISORS LLC with ownership of 8.41 million shares, which is approximately 6.4597%. SPIDER MANAGEMENT COMPANY, LLC, holding 5.53 million shares of the stock with an approximate value of $$34.98 million in GRNT stocks shares; and SPIDER MANAGEMENT COMPANY, LLC, currently with $$33.19 million in GRNT stock with ownership which is approximately 4.0273%.
