Granite Ridge ResourcesGRNT
GRNT
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: 3
0
Funds holding %
of 7,372 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
159% more capital invested
Capital invested by funds: $254M [Q3] → $659M (+$404M) [Q4]
131% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 13
76% more call options, than puts
Call options by funds: $162K | Put options by funds: $92K
74% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 27
67% more funds holding in top 10
Funds holding in top 10: 3 [Q3] → 5 (+2) [Q4]
45.23% more ownership
Funds ownership: 32.76% [Q3] → 77.98% (+45.23%) [Q4]
11% more funds holding
Funds holding: 110 [Q3] → 122 (+12) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$8
44%
upside
Avg. target
$8
44%
upside
High target
$8
44%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Stephens & Co. Mike Scialla 26% 1-year accuracy 11 / 43 met price target | 44%upside $8 | Overweight Reiterated | 7 Mar 2025 |
Financial journalist opinion
Based on 8 articles about GRNT published over the past 30 days
Neutral
Seeking Alpha
6 days ago
Granite Ridge Resources, Inc. (GRNT) Q4 2024 Earnings Call Transcript
Granite Ridge Resources, Inc. (NYSE:GRNT ) Q4 2024 Earnings Conference Call March 7, 2025 11:00 AM ET Company Participants James Masters - IR Representative Luke Brandenberg - President and CEO Tyler Farquharson - CFO Conference Call Participants Michael Scialla - Stephens Derrick Whitfield - Texas Capital Noah Hungness - Bank of America John White - ROTH Capital Chris Baker - Evercore ISI Operator Good morning, and welcome everyone to Granite Ridge Resources Fourth Quarter and Full Year 2024 Earnings Conference Call. Currently, all participants are in listen-only mode.
Positive
Zacks Investment Research
1 week ago
Granite Ridge Resources, Inc. (GRNT) Surpasses Q4 Earnings Estimates
Granite Ridge Resources, Inc. (GRNT) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.20 per share a year ago.
Neutral
Business Wire
1 week ago
Granite Ridge Resources, Inc. Reports Fourth Quarter and Full-Year 2024 Results and Provides Outlook for 2025
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (NYSE: GRNT) (“Granite Ridge” or the “Company”) today reported financial and operating results for the fourth quarter and full-year 2024 and provided initial guidance for 2025. Fourth Quarter 2024 Highlights Increased total production by 7% to 27,734 Boe/day (53% oil) driven by a 20% increase in oil production Reported Net Loss of $11.6 million, or $(0.09) per share, and Adjusted Net Income (non-GAAP) of $22.7 million, or $0.17 per diluted.
Positive
Zacks Investment Research
1 week ago
Granite Ridge Resources, Inc. (GRNT) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now
Granite Ridge Resources, Inc. (GRNT) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
Positive
Zacks Investment Research
2 weeks ago
Granite Ridge Resources, Inc. (GRNT) Expected to Beat Earnings Estimates: Should You Buy?
Granite Ridge Resources, Inc. (GRNT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
Seeking Alpha
3 weeks ago
Undercovered Dozen: Celanese, NovaGold Resources, Granite Ridge, Plains GP +
The 'Undercovered' Dozen series highlights 12 lesser-covered stocks, offering fresh investment ideas and fostering discussion among investors. Standout stocks include Byrna Technologies, Granite Ridge Resources, and Centrus Energy, each with unique growth potential and strategic advantages. Applied Materials and Dun & Bradstreet present attractive long-term opportunities, despite recent market reactions and takeover rumors.
Neutral
Business Wire
3 weeks ago
Granite Ridge Resources Declares Quarterly Cash Dividend and Schedules Fourth Quarter 2024 Earnings Conference Call
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced that its Board of Directors declared a regular quarterly dividend of $0.11 per share payable on March 14, 2025 to shareholders of record as of February 28, 2025. Future declarations of dividends are subject to approval by the Board of Directors. Fourth Quarter 2024 Earnings Conference Call Granite Ridge will report its financial and operating results for the fourth quarter of 2.
Positive
Seeking Alpha
4 weeks ago
Granite Ridge Resources: Potential Value Underscored By Significant Insider Purchases
Granite Ridge insiders purchased approximately 117,000 shares at an average price of $6.31 per share. There was also reported acquisition interest from Northern Oil and Gas, although Northern then indicated there were no current negotiations. Granite Ridge's projected 2025 free cash flow has improved a bit since I last looked at it.
Positive
Zacks Investment Research
2 months ago
Buy These 3 Top Stocks Poised for a Breakout: ASUR, GRNT, PRTH
Asure Software, Granite Ridge Resources, and Priority Technology Holdings have been selected as the breakout stocks for today.
Positive
Reuters
2 months ago
Exclusive: Northern Oil and Gas in bid to acquire smaller rival Granite Ridge, sources say
Northern Oil and Gas has made an acquisition offer for Granite Ridge Resources , a smaller U.S. producer with operations in basins including the Permian and Eagle Ford, according to people familiar with the matter.
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