Will This ETF Beat the Market Over the Next 12 Months?
2024 was another banner year for the US stock market,…
Buy
64
GRNT Quote, Financials, Valuation and Earnings
Last price:
$6.67
Seasonality move
:
-7.21%
Day range:
$6.48 - $6.66
52-week range:
$5.20 - $7.10
Dividend yield:
6.62%
P/E ratio:
18.47x
P/S ratio:
2.28x
P/B ratio:
1.32x
Volume:
506.1K
Avg. volume:
708.4K
1-year change:
8.84%
Market cap:
$869.4M
Revenue:
$394.1M
EPS (TTM):
$0.36
Analysts' Opinion
-
Consensus RatingGranite Ridge Resources has received a consensus rating of Leans Bullish. The company's average rating is a Leans Bullish based on 2 Buy ratings, 2 Hold ratings, and 0 Sell ratings.
-
Price Target UpsideAccording to analysts' consensus price target of $7.56, Granite Ridge Resources has an estimated upside of 13.68% from its current price of $6.65.
-
Price Target DownsideAccording to analysts, the lowest downside price target is $7.00 representing 100% downside risk from its current price of $6.65.
Fair Value
-
According to the consensus of 4 analysts, Granite Ridge Resources has 13.68% upside to fair value with a price target of $7.56 per share.
GRNT vs. S&P 500
-
Over the past 5 trading days, Granite Ridge Resources has overperformed the S&P 500 by 12.2% suggesting its relative strength compared to the major market average is strong at this time.
Share Buyback
-
Granite Ridge Resources does have a share repurchase program in place at this time. The scale of a buyback program can materially affect share price and usually results in a higher earnings per share, all else being equal, when the share count drops.
Revenue Growth
-
Granite Ridge Resources revenues have been falling on a year-over-year basis for 1 quarter in a row. In the most recent quarter Granite Ridge Resources reported revenues of $94.1M.
Earnings Growth
-
Granite Ridge Resources earnings have been falling on a year-over-year basis for 6 quarters in a row. In the most recent quarter Granite Ridge Resources reported earnings per share of $0.07.
Enterprise value:
1B
EV / Invested capital:
--
Price / LTM sales:
2.28x
EV / EBIT:
12.77x
EV / Revenue:
2.66x
PEG ratio (5yr expected):
--
EV / Free cash flow:
-49.95x
Price / Operating cash flow:
--
Enterprise value / EBITDA:
4.00x
Gross Profit (TTM):
$121.8M
Return On Assets:
4.95%
Net Income Margin (TTM):
12.59%
Return On Equity:
7.21%
Return On Invested Capital:
5.97%
Operating Margin:
26.24%
| Trailing 12 Months | Fiscal Quarters | |||||
|---|---|---|---|---|---|---|
| Period Ending | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2023-09-30 | 2024-09-30 | |
| Income Statement | ||||||
| Revenue | $384M | $403.6M | $380.5M | $108.4M | $94.1M | |
| Gross Profit | $247.6M | $179.7M | $121.8M | $39.4M | $30.6M | |
| Operating Income | $239.7M | $149.8M | $98.1M | $32.6M | $24.7M | |
| EBITDA | $293.9M | $291M | $253.6M | $68.7M | $62.4M | |
| Diluted EPS | $1.56 | $0.91 | $0.36 | $0.13 | $0.07 | |
| Period Ending | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | |
|---|---|---|---|---|---|---|
| Balance Sheet | ||||||
| Current Assets | -- | -- | -- | $102.5M | $132.1M | |
| Total Assets | -- | -- | -- | $920.6M | $1B | |
| Current Liabilities | -- | -- | -- | $69.8M | $84.5M | |
| Total Liabilities | -- | -- | -- | $270.4M | $375.3M | |
| Total Equity | -- | -- | -- | $650.2M | $660.6M | |
| Total Debt | -- | -- | -- | $85M | $195M | |
| Trailing 12 Months | Fiscal Quarters | |||||
|---|---|---|---|---|---|---|
| Period Ending | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2023-09-30 | 2024-09-30 | |
| Cash Flow Statement | ||||||
| Cash Flow Operations | $254.9M | $307.7M | $297.7M | $57M | $74.7M | |
| Cash From Investing | -$154.3M | -$342M | -$303.8M | -$74.7M | -$81.1M | |
| Cash From Financing | -$73.9M | $3.3M | $22.8M | $9.3M | $15.6M | |
| Free Cash Flow | $76.7M | -$36.7M | -$20.3M | -$17.7M | -$13.9M | |
GRNT
Sector
Market Cap
$869.4M
$69.9M
Price % of 52-Week High
93.66%
65.56%
Dividend Yield
6.62%
0%
Shareholder Yield
6.89%
5.18%
1-Year Price Total Return
8.84%
-17.73%
Beta (5-Year)
--
1.050
Dividend yield:
6.62%
Annualized payout:
$0.44
Payout ratio:
120.25%
Growth streak:
0 years
SEE THE 1% OF STOCKS YOU NEED TO OWN FOR MASSIVE RETURNS
GET BETTER TRADE IDEAS
Technicals
8-day SMA
Buy
Level
$6.17
200-day SMA
Buy
Level
$6.35
Bollinger Bands (100)
Buy
Level
5.97 - 6.47
Chaikin Money Flow
Buy
Level
2.2M
20-day SMA
Buy
Level
$6.09
Relative Strength Index (RSI14)
Buy
Level
62.64
ADX Line
Buy
Level
20.08
Williams %R
Sell
Level
-0.8403
50-day SMA
Buy
Level
$6.22
MACD (12, 26)
Sell
Level
0.01
25-day Aroon Oscillator
Sell
Level
-64
On Balance Volume
Neutral
Level
15.8M
Financial Scores
Hold
Altman Z-Score
(Annual)
Level (2.8616)
Buy
CA Score
(Annual)
Level (1.5613)
--
Beneish M-Score
(Annual)
Level (--)
Buy
Momentum Score
Level (5)
Buy
Ohlson Score
Level (-1.7227)
Buy
Piotroski F Score
(Annual)
Level (5)
Buy
Quality Ratio Score
Level (3)
Buy
Fundamental Score
Level (6)
Revenue Forecast
Earnings per Share Forecast
Company Profile
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.
Stock Forecast FAQ
In the current month, GRNT has received 2 Buy ratings 2 Hold ratings, and 0 Sell ratings. The GRNT average analyst price target in the past 3 months is $7.56.
-
Where Will Granite Ridge Resources Stock Be In 1 Year?
According to analysts, the consensus estimate is that Granite Ridge Resources share price will rise to $7.56 per share over the next 12 months.
-
What Do Analysts Say About Granite Ridge Resources?
Analysts are divided on their view about Granite Ridge Resources share price and where it will be in the next 12 months. The majority of analysts rate the stock a Buy. However, a smaller subset of analysts suggest that Granite Ridge Resources is a Sell and believe this share price will drop from its current level to $7.00.
-
What Is Granite Ridge Resources's Price Target?
The price target for Granite Ridge Resources over the next 1-year time period is forecast to be $7.56 according to 4 Wall Street analysts, 2 of them rate the stock a Buy, 0 rate the stock a Sell, and 2 analysts rate the stock a Hold.
-
Is GRNT A Buy, Sell Or Hold?
According to Wall Street analysts, the consensus rating for Granite Ridge Resources is a Leans Bullish. 2 of 4 analysts rate the stock a Leans Bullish at this time.
-
How Can I Buy Shares Of GRNT?
You can purchase shares of Granite Ridge Resources via an online brokerage firm such as TD Ameritrade.com, thinkorswim.com, e-trade.com, TastyTrade.com, or Schwab.com. Many other digital online brokerages exist such as RobinHood and Webull where you can purchase Granite Ridge Resources shares.
-
What Is The Granite Ridge Resources Share Price Today?
Granite Ridge Resources was last trading at $6.67 per share. This represents the most recent stock quote for Granite Ridge Resources. Yesterday, Granite Ridge Resources closed at $6.65 per share.
-
How To Buy Granite Ridge Resources Stock Online?
In order to purchase Granite Ridge Resources stock online, open a brokerage account, deposit funds into the account, and select an order type to purchase shares whether it be market or limit.
SEE THE 1% OF STOCKS YOU NEED TO OWN FOR MASSIVE RETURNS
GET BETTER TRADE IDEAS
Popular
Why Did Carlos Slim Buy PBF Energy?
Carlos Slim made a splash in a surprising sector last…
Is Booking Holdings Stock Undervalued?
There is a lot of humdrum in the market about…
Stock Ideas
Sell
48
Is AAPL Stock a Buy?
Market Cap: $3.7T
P/E Ratio: 40x
Buy
51
Is NVDA Stock a Buy?
Market Cap: $3.4T
P/E Ratio: 116x
Sell
43
Is MSFT Stock a Buy?
Market Cap: $3.1T
P/E Ratio: 35x
Alerts
Sell
47
DRUG alert for Jan 3
Bright Minds Biosciences [DRUG] is down 4.28% over the past day.
Buy
88
BMA alert for Jan 3
Banco Macro SA [BMA] is up 0.88% over the past day.
Sell
50
AGFY alert for Jan 3
Agrify [AGFY] is down 5.86% over the past day.
