Capital One Financial Has Positive View of GRNT Q1 Earnings

Granite Ridge Resources, Inc. (NYSE:GRNT) – Analysts at Capital One Financial raised their Q1 2025 earnings estimates for Granite Ridge Resources in a note issued to investors on Monday, November 18th. Capital One Financial analyst P. Johnston now expects that the company will post earnings of $0.10 per share for the quarter, up from their previous forecast of $0.08. The consensus estimate for Granite Ridge Resources’ current full-year earnings is $0.54 per share. Capital One Financial also issued estimates for Granite Ridge Resources’ Q2 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.10 EPS, FY2025 earnings at $0.41 EPS and FY2026 earnings at $0.51 EPS.

Separately, Evercore ISI reduced their price target on shares of Granite Ridge Resources from $8.00 to $7.00 and set an “in-line” rating for the company in a research report on Monday, September 30th.

Granite Ridge Resources Trading Up 2.6 %

NYSE GRNT opened at $6.78 on Thursday. The firm’s fifty day moving average price is $6.19 and its 200 day moving average price is $6.33. Granite Ridge Resources has a 12 month low of $5.20 and a 12 month high of $7.10. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market capitalization of $886.42 million, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 1.72 and a beta of 0.19.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GRNT. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Granite Ridge Resources by 20.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,876 shares of the company’s stock valued at $100,000 after buying an additional 2,709 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Granite Ridge Resources by 17.2% during the second quarter. Principal Financial Group Inc. now owns 27,072 shares of the company’s stock worth $171,000 after purchasing an additional 3,980 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Granite Ridge Resources by 14.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 57,615 shares of the company’s stock valued at $374,000 after purchasing an additional 7,304 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Granite Ridge Resources by 52.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,206 shares of the company’s stock valued at $147,000 after purchasing an additional 7,965 shares in the last quarter. Finally, Sfmg LLC increased its stake in Granite Ridge Resources by 5.5% during the 2nd quarter. Sfmg LLC now owns 191,420 shares of the company’s stock worth $1,212,000 after buying an additional 9,960 shares during the period. Institutional investors and hedge funds own 31.56% of the company’s stock.

Insider Buying and Selling

In related news, CEO Luke C. Brandenberg bought 5,000 shares of Granite Ridge Resources stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average price of $6.50 per share, with a total value of $32,500.00. Following the purchase, the chief executive officer now owns 96,633 shares in the company, valued at $628,114.50. This represents a 5.46 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Matthew Reade Miller acquired 8,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average cost of $5.97 per share, for a total transaction of $50,745.00. Following the purchase, the director now owns 692,496 shares of the company’s stock, valued at approximately $4,134,201.12. The trade was a 1.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 43,168 shares of company stock valued at $273,362. 1.90% of the stock is owned by insiders.

Granite Ridge Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 6.49%. The ex-dividend date of this dividend is Friday, November 29th. Granite Ridge Resources’s payout ratio is currently 122.23%.

Granite Ridge Resources Company Profile

Granite Ridge Resources, Inc operates as a non-operated oil and gas exploration and production company. It owns a portfolio of wells and acreage across the Permian and other unconventional basins in the United States. Granite Ridge Resources, Inc is based in Dallas, Texas.