Research Analysts Set Expectations for GRNT Q1 Earnings

Granite Ridge Resources, Inc. (NYSE:GRNT) – Capital One Financial increased their Q1 2025 earnings per share estimates for shares of Granite Ridge Resources in a report issued on Thursday, April 24th. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings of $0.20 per share for the quarter, up from their previous forecast of $0.19. 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 $0.14 EPS and FY2026 earnings at $0.60 EPS.

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

Granite Ridge Resources Trading Up 0.8 %

NYSE:GRNT opened at $4.92 on Friday. Granite Ridge Resources has a 12-month low of $4.52 and a 12-month high of $7.10. 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’s 50 day simple moving average is $5.54 and its 200-day simple moving average is $6.04. The firm has a market cap of $645.18 million, a P/E ratio of 13.67, a PEG ratio of 1.29 and a beta of 0.20.

Granite Ridge Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 8.94%. The ex-dividend date was Friday, February 28th. Granite Ridge Resources’s dividend payout ratio (DPR) is 314.29%.

Institutional Trading of Granite Ridge Resources

Several hedge funds have recently modified their holdings of the business. Grey Rock Energy Management LLC purchased a new position in Granite Ridge Resources in the fourth quarter worth $357,018,000. Hamilton Lane Advisors LLC grew its stake in shares of Granite Ridge Resources by 15.5% during the 1st quarter. Hamilton Lane Advisors LLC now owns 8,480,587 shares of the company’s stock worth $51,562,000 after purchasing an additional 1,139,430 shares during the period. Spider Management Company LLC increased its holdings 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 in the last quarter. Georgetown University lifted its stake in shares of Granite Ridge Resources by 26.6% in the fourth quarter. Georgetown University now owns 3,325,470 shares of the company’s stock valued at $21,483,000 after purchasing an additional 697,823 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Granite Ridge Resources by 4,637.3% in the fourth quarter. Millennium Management LLC now owns 481,641 shares of the company’s stock valued at $3,111,000 after purchasing an additional 471,474 shares during the period. 31.56% of the stock is owned by institutional investors and hedge funds.

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.