Granite Ridge Resources (NYSE:GRNT – Get Free Report) is set to issue its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect Granite Ridge Resources to post earnings of $0.13 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
Granite Ridge Resources (NYSE:GRNT – Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The firm had revenue of $106.80 million for the quarter. Granite Ridge Resources had a net margin of 20.58% and a return on equity of 16.35%. During the same quarter last year, the company earned $0.38 EPS. On average, analysts expect Granite Ridge Resources to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Granite Ridge Resources Stock Down 2.0 %
GRNT stock opened at $6.53 on Wednesday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.16. Granite Ridge Resources has a 52 week low of $5.00 and a 52 week high of $8.14. The stock has a market capitalization of $851.19 million, a PE ratio of 10.70 and a beta of 0.20. The firm has a 50 day moving average of $6.42 and a 200 day moving average of $6.09.
Granite Ridge Resources Dividend Announcement
Insider Activity at Granite Ridge Resources
In other Granite Ridge Resources news, CFO Tyler Farquharson acquired 5,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of $6.20 per share, for a total transaction of $31,000.00. Following the completion of the purchase, the chief financial officer now directly owns 68,037 shares of the company’s stock, valued at $421,829.40. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have bought a total of 9,250 shares of company stock worth $57,190 over the last quarter. Insiders own 1.90% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Evercore ISI assumed coverage on Granite Ridge Resources in a research note on Monday, April 29th. They issued an “in-line” rating and a $8.00 target price for the company.
View Our Latest Analysis on Granite Ridge Resources
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.
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