GRNT icon

Granite Ridge Resources

6.32 USD
-0.28
4.24%
At close Jan 24, 4:00 PM EST
After hours
6.62
+0.30
4.75%
1 day
-4.24%
5 days
-8.27%
1 month
4.81%
3 months
6.22%
6 months
-6.09%
Year to date
-4.96%
1 year
15.33%
5 years
-38.22%
10 years
-38.22%
 

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

0
Funds holding %
of 6,831 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

575% more call options, than puts

Call options by funds: $412K | Put options by funds: $61K

67% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 12

12% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 33

6% more funds holding

Funds holding: 104 [Q2] → 110 (+6) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]

0.99% less ownership

Funds ownership: 33.74% [Q2] → 32.76% (-0.99%) [Q3]

9% less capital invested

Capital invested by funds: $279M [Q2] → $254M (-$24.9M) [Q3]

Research analyst outlook

We haven’t received any recent analyst ratings for GRNT.

Financial journalist opinion

Positive
Zacks Investment Research
2 weeks 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.
Buy These 3 Top Stocks Poised for a Breakout: ASUR, GRNT, PRTH
Positive
Reuters
1 month 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.
Exclusive: Northern Oil and Gas in bid to acquire smaller rival Granite Ridge, sources say
Neutral
Seeking Alpha
2 months ago
Granite Ridge Resources: 2025 Oil Production May Increase By Over 20%
Granite Ridge expects mid-teens total production growth in 2025. This may include 20+% oil production growth. I expect Granite Ridge's 2025 capex to be lower than 2024 since much of the 2025 growth is driven by late 2024 spending.
Granite Ridge Resources: 2025 Oil Production May Increase By Over 20%
Neutral
Seeking Alpha
2 months ago
Granite Ridge Resources, Inc. (GRNT) Q3 2024 Earnings Call Transcript
Granite Ridge Resources, Inc. (NYSE:GRNT ) Q3 2024 Earnings Conference Call November 8, 2024 11:00 AM ET Company Participants James Masters - Investor Relations Representative Luke Brandenberg - President and Chief Executive Officer Tyler Farquharson - Chief Financial Officer Conference Call Participants Noah Hungness - Bank of America Michael Scialla - Stevens Inc Phillips Johnston - Capital One Jeff Robertson - Water Tower Research Operator Good morning, and welcome everyone to Granite Ridge Resources Third Quarter 2024 Earnings Conference Call. Currently, all participants are in a listen-only mode.
Granite Ridge Resources, Inc. (GRNT) Q3 2024 Earnings Call Transcript
Positive
Zacks Investment Research
2 months ago
Granite Ridge Resources, Inc. (GRNT) Beats Q3 Earnings Estimates
Granite Ridge Resources, Inc. (GRNT) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.21 per share a year ago.
Granite Ridge Resources, Inc. (GRNT) Beats Q3 Earnings Estimates
Neutral
Business Wire
2 months ago
Granite Ridge Resources, Inc. Reports Third-Quarter 2024 Results and Declares Quarterly Cash Dividend
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today reported financial and operating results for the third quarter 2024. Third Quarter 2024 Highlights Achieved average production of 25,177 barrels of oil equivalent (“Boe”) per day (50% oil). Reported net income of $9.1 million, or $0.07 per diluted share, and adjusted net income (non-GAAP) of $18.5 million, or $0.14 adjusted earnings per diluted share. Generated $75.4 million of Adjusted.
Granite Ridge Resources, Inc. Reports Third-Quarter 2024 Results and Declares Quarterly Cash Dividend
Negative
Zacks Investment Research
2 months ago
Earnings Preview: Granite Ridge Resources, Inc. (GRNT) Q3 Earnings Expected to Decline
Granite Ridge Resources, Inc. (GRNT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Earnings Preview: Granite Ridge Resources, Inc. (GRNT) Q3 Earnings Expected to Decline
Positive
Seeking Alpha
3 months ago
67 October Graham All-Star Value Dogs Show 55 Fit To Buy
The Value Score identifies large-cap stocks offering high-value relative to profits, cash flows, assets and sales, aiding in finding undervalued companies.
67 October Graham All-Star Value Dogs Show 55 Fit To Buy
Neutral
Business Wire
3 months ago
Granite Ridge Resources Schedules Third Quarter 2024 Earnings Conference Call
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced that it will report financial and operating results for the third quarter of 2024 on Thursday, November 7, 2024, after the close of trading on the New York Stock Exchange. Granite Ridge will host a webcast and conference call on Friday, November 8, 2024, at 10:00 a.m. Central time to discuss its third quarter 2024 financial and operating results. Third Quarter 2024 Earnings Con.
Granite Ridge Resources Schedules Third Quarter 2024 Earnings Conference Call
Positive
Seeking Alpha
4 months ago
68 Graham All Star Value Stocks Show 55 In September Fit To Buy
The Value Score identifies large-cap stocks offering high value relative to their price, focusing on profits, cash flows, assets, and sales. The Ben Graham Formula targets ultra-stable stocks with strong earnings, dividends, and low valuations, ideal for long-term investment. Analysts project significant gains for top-yield Graham All-Star-Value stocks, with estimated returns ranging from 27.64% to 86.21% by September 2025.
68 Graham All Star Value Stocks Show 55 In September Fit To Buy
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