Research Analysts Issue Forecasts for GRNT Q1 Earnings

Granite Ridge Resources, Inc. (NYSE:GRNT) – Analysts at Capital One Financial increased their Q1 2025 EPS estimates for Granite Ridge Resources in a research report issued to clients and investors on Tuesday, March 25th. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings per share of $0.18 for the quarter, up from their prior estimate of $0.14. Capital One Financial has a “Equal Weight” rating on the stock. The consensus estimate for Granite Ridge Resources’ current full-year earnings is $0.52 per share. Capital One Financial also issued estimates for Granite Ridge Resources’ Q2 2025 earnings at $0.17 EPS, Q3 2025 earnings at $0.18 EPS, Q4 2025 earnings at $0.18 EPS and FY2025 earnings at $0.71 EPS.

Separately, Stephens reiterated an “overweight” rating and issued a $8.00 price objective on shares of Granite Ridge Resources in a report on Friday, March 7th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $7.70.

Granite Ridge Resources Stock Performance

GRNT stock opened at $6.22 on Wednesday. Granite Ridge Resources has a twelve month low of $5.27 and a twelve month high of $7.10. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. The company has a market cap of $813.00 million, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 1.29 and a beta of 0.23. The business’s fifty day moving average is $6.09 and its 200-day moving average is $6.20.

Hedge Funds Weigh In On Granite Ridge Resources

Several institutional investors and hedge funds have recently made changes to their positions in GRNT. Charles Schwab Investment Management Inc. lifted its holdings in Granite Ridge Resources by 50.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 424,593 shares of the company’s stock worth $2,522,000 after acquiring an additional 141,634 shares in the last quarter. Barclays PLC raised its position in shares of Granite Ridge Resources by 306.9% during the third quarter. Barclays PLC now owns 81,092 shares of the company’s stock worth $482,000 after purchasing an additional 61,162 shares during the period. Geode Capital Management LLC raised its position in shares of Granite Ridge Resources by 35.1% during the third quarter. Geode Capital Management LLC now owns 1,221,579 shares of the company’s stock worth $7,258,000 after purchasing an additional 317,303 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Granite Ridge Resources by 40.0% during the 3rd quarter. Janus Henderson Group PLC now owns 76,549 shares of the company’s stock valued at $455,000 after purchasing an additional 21,852 shares in the last quarter. Finally, Spider Management Company LLC grew its position in shares of Granite Ridge Resources by 21.4% in the 4th quarter. Spider Management Company LLC now owns 4,951,533 shares of the company’s stock valued at $31,987,000 after purchasing an additional 872,282 shares during the period. Institutional investors and hedge funds own 31.56% of the company’s stock.

Granite Ridge Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.08%. Granite Ridge Resources’s dividend payout ratio is 314.29%.

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.