GRNT FY2026 EPS Estimate Lifted by Capital One Financial

Granite Ridge Resources, Inc. (NYSE:GRNT) – Research analysts at Capital One Financial boosted their FY2026 earnings per share estimates for shares of Granite Ridge Resources in a research report issued to clients and investors on Tuesday, March 25th. Capital One Financial analyst P. Johnston now expects that the company will post earnings per share of $0.71 for the year, up from their prior estimate of $0.58. 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.

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

Granite Ridge Resources Stock Performance

Shares of GRNT stock opened at $6.20 on Thursday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.30. The stock has a 50 day simple moving average of $6.08 and a 200-day simple moving average of $6.20. The company has a market cap of $810.39 million, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 1.29 and a beta of 0.23. Granite Ridge Resources has a 12-month low of $5.27 and a 12-month high of $7.10.

Institutional Investors Weigh In On Granite Ridge Resources

Several hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP boosted its position in Granite Ridge Resources by 691.0% during the 4th quarter. Quantbot Technologies LP now owns 9,112 shares of the company’s stock worth $59,000 after purchasing an additional 7,960 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of Granite Ridge Resources during the 4th quarter valued at about $62,000. KLP Kapitalforvaltning AS acquired a new position in Granite Ridge Resources during the 4th quarter worth approximately $68,000. One68 Global Capital LLC purchased a new position in Granite Ridge Resources in the 4th quarter worth approximately $71,000. Finally, Belvedere Trading LLC purchased a new position in shares of Granite Ridge Resources in the fourth quarter valued at $75,000. 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 issued 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 7.10%. Granite Ridge Resources’s dividend payout ratio (DPR) is presently 314.29%.

About Granite Ridge Resources

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.