Granite Ridge ResourcesGRNT
About: Granite Ridge Resources Inc is a scaled, non-operated oil and gas exploration and production company. It invests in a diversified portfolio of production and top-tier acreage across the Permian and other prolific U.S. basins in partnership with operators. It generates maximum revenue from Oil.
Employees: 2
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
988% more call options, than puts
Call options by funds: $272K | Put options by funds: $25K
165% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 17
4.72% less ownership
Funds ownership: 38.3% [Q1] → 33.58% (-4.72%) [Q2]
5% less funds holding
Funds holding: 110 [Q1] → 104 (-6) [Q2]
14% less capital invested
Capital invested by funds: $323M [Q1] → $278M (-$45.6M) [Q2]
20% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 30
25% less funds holding in top 10
Funds holding in top 10: 4 [Q1] → 3 (-1) [Q2]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Evercore ISI Group Stephen Richardson 62% 1-year accuracy 8 / 13 met price target | 14%upside $7 | In-Line Maintained | 30 Sept 2024 |