Granite Ridge Resources (GRNT)

• Market cap: $809M
• 1 day: 10.14%
• 5 days: -0.16%
• 1 month: -5.06%
• 3 months: -0.64%
• 6 months: 2.48%
• Year to date: 1.31%
• 1 year: 1.64%
• 5 years: -39.49%
• 10 years: -39.49%
• Sector: Energy
• Industry: Crude Petroleum & Natural Gas

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

335% more call options, than puts

Call options by funds: $239K | Put options by funds: $55K

43% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 14

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: 33.71% [Q2] → 32.72% (-0.99%) [Q3]

9% less capital invested

Capital invested by funds: $279M [Q2] → $254M (-$24.8M) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $7 13% upside
• Avg. target: $7 13% upside
• High target: $7 13% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Evercore ISI Group Stephen Richardson 47% 1-year accuracy 7 / 15 met price target

13% upside $7

In-Line Maintained

30 Sept 2024