Equities Analysts Issue Forecasts for GRNT Q1 Earnings

Granite Ridge Resources, Inc. (NYSE:GRNT) – Equities researchers at Roth Capital cut their Q1 2025 earnings per share (EPS) estimates for Granite Ridge Resources in a research note issued to investors on Wednesday, April 2nd. Roth Capital analyst J. White now forecasts that the company will earn $0.19 per share for the quarter, down from their previous forecast of $0.23. The consensus estimate for Granite Ridge Resources’ current full-year earnings is $0.52 per share. Roth Capital also issued estimates for Granite Ridge Resources’ Q2 2025 earnings at $0.17 EPS, Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.23 EPS and FY2025 earnings at $0.77 EPS.

Other equities analysts also recently issued research reports about the stock. Stephens reissued an “overweight” rating and set a $8.00 target price on shares of Granite Ridge Resources in a research note on Friday, March 7th. Capital One Financial cut shares of Granite Ridge Resources from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 21st. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.70.

Granite Ridge Resources Stock Down 12.4 %

Shares of NYSE GRNT opened at $4.90 on Monday. The company’s 50 day moving average price is $5.99 and its 200-day moving average price is $6.19. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.56 and a current ratio of 1.56. Granite Ridge Resources has a 52-week low of $4.88 and a 52-week high of $7.10. The company has a market capitalization of $640.33 million, a P/E ratio of 13.60, a price-to-earnings-growth ratio of 1.29 and a beta of 0.20.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP grew its holdings in Granite Ridge Resources by 691.0% in the fourth 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 bought a new position in shares of Granite Ridge Resources during the 4th quarter worth about $62,000. KLP Kapitalforvaltning AS bought a new position in shares of Granite Ridge Resources during the 4th quarter worth about $68,000. One68 Global Capital LLC acquired a new stake in shares of Granite Ridge Resources in the 4th quarter valued at about $71,000. Finally, Belvedere Trading LLC bought a new stake in Granite Ridge Resources in the 4th quarter valued at about $75,000. Institutional investors and hedge funds own 31.56% of the company’s stock.

Granite Ridge Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.11 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.44 annualized dividend and a dividend yield of 8.99%. Granite Ridge Resources’s dividend payout ratio is currently 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.