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GRNT

GRNT - Granite Ridge Resources, Inc. Stock Price, Fair Value and News

6.12USD-0.18 (-2.86%)Market Closed

Market Summary

GRNT
USD6.12-0.18
Market Closed
-2.86%

GRNT Alerts

  • 6 major insider buys recently.
  • Big fall in earnings (Y/Y)

GRNT Stock Price

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GRNT RSI Chart

GRNT Valuation

Market Cap

823.7M

Price/Earnings (Trailing)

13.62

Price/Sales (Trailing)

2.1

EV/EBITDA

10.79

Price/Free Cashflow

2.84

GRNT Price/Sales (Trailing)

GRNT Profitability

EBT Margin

20.16%

Return on Equity

8.97%

Return on Assets

6.25%

Free Cashflow Yield

35.21%

GRNT Fundamentals

GRNT Revenue

Revenue (TTM)

391.8M

Rev. Growth (Yr)

-2.53%

Rev. Growth (Qtr)

-16.67%

GRNT Earnings

Earnings (TTM)

60.5M

Earnings Growth (Yr)

-55.98%

Earnings Growth (Qtr)

-7.48%

Breaking Down GRNT Revenue

52 Week Range

6.33
(Low)(High)

Last 7 days

-0.9%

Last 30 days

1.5%

Last 90 days

1.6%

How does GRNT drawdown profile look like?

GRNT Financial Health

Current Ratio

2.55

Debt/Equity

0.2

Debt/Cashflow

2.11

GRNT Investor Care

Dividend Yield

6.98%

Dividend/Share (TTM)

0.44

Buy Backs (1Y)

1.72%

Diluted EPS (TTM)

0.45

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2024391.8M000
2023494.9M432.2M403.6M394.1M
2022342.0M393.8M445.6M497.4M
202100188.6M290.2M
202000087.1M
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Tracking the Latest Insider Buys and Sells of Granite Ridge Resources, Inc.

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Jun 06, 2024
darden thaddeus
bought
18,870
6.29
3,000
-
Jun 03, 2024
miller matthew reade
bought
50,050
6.5
7,700
-
May 23, 2024
perry griffin
bought
13,080
6.54
2,000
-
May 20, 2024
everard michele j
bought
13,240
6.62
2,000
-
May 17, 2024
mccartney john
bought
3,255
6.51
500
-
May 16, 2024
mccartney john
bought
3,315
6.63
500
-
May 14, 2024
brandenberg luke c
bought
62,500
6.25
10,000
president and ceo

1–10 of 50

Which funds bought or sold GRNT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 04, 2024
DekaBank Deutsche Girozentrale
unchanged
-
2,000
153,000
-%
Jun 04, 2024
ZAZOVE ASSOCIATES LLC
reduced
-0.76
449,000
6,736,000
0.46%
Jun 03, 2024
HAMILTON LANE ADVISORS LLC
unchanged
-
8,074,410
109,341,000
37.94%
May 20, 2024
Independent Wealth Network Inc.
reduced
-0.65
5,372
79,268
0.04%
May 16, 2024
JANE STREET GROUP, LLC
reduced
-72.99
-199,656
82,218
-%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
added
57.87
153,507
371,365
-%
May 16, 2024
Virtus Investment Advisers, Inc.
sold off
-100
-603,011
-
-%
May 15, 2024
Saba Capital Management, L.P.
unchanged
-
55,621
753,207
0.01%
May 15, 2024
TWO SIGMA ADVISERS, LP
added
95.45
323,532
614,900
-%
May 15, 2024
Tower Research Capital LLC (TRC)
reduced
-83.87
-47,736
10,068
-%

1–10 of 48

Are Funds Buying or Selling GRNT?

Are funds buying GRNT calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own GRNT
No. of Funds

Unveiling Granite Ridge Resources, Inc.'s Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Apr 11, 2024
grep gp iii, llc
52.0%
67,857,678
SC 13D/A
Feb 13, 2024
hamilton lane advisors llc
6.3%
8,410,844
SC 13G

Recent SEC filings of Granite Ridge Resources, Inc.

View All Filings
Date Filed Form Type Document
Jun 07, 2024
4
Insider Trading
Jun 04, 2024
4
Insider Trading
May 28, 2024
8-K
Current Report
May 24, 2024
4
Insider Trading
May 23, 2024
4
Insider Trading
May 22, 2024
4
Insider Trading
May 20, 2024
4
Insider Trading
May 20, 2024
4
Insider Trading
May 15, 2024
4
Insider Trading
May 14, 2024
4
Insider Trading

Peers (Alternatives to Granite Ridge Resources, Inc.)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
437.4B
341.1B
-5.92% 4.22%
13.34
1.28
-16.75% -46.83%
284.1B
198.9B
-6.27% -2.71%
14
1.43
-18.05% -43.28%
53.5B
27.7B
-4.15% 2.60%
12.37
1.93
-22.75% -55.41%
15.8B
6.6B
5.53% 20.09%
11.03
2.41
-17.48% -47.38%
11.4B
6.4B
-1.38% 8.21%
10.82
1.78
-54.63% -85.10%
MID-CAP
9.0B
2.2B
4.37% 36.48%
18.65
4.09
-62.59% -77.29%
4.0B
2.5B
10.95% 50.78%
3.92
1.57
-6.59% -31.79%
3.5B
2.7B
-9.04% -0.09%
9.86
1.27
2.93% 8.77%
2.7B
1.7B
-5.49% -11.80%
12.07
1.55
-15.13% -28.06%
2.4B
2.1B
12.10% 1.07%
5.93
1.13
-35.04% -60.65%
SMALL-CAP
236.1M
304.0M
-4.03% -13.12%
7.72
0.78
-28.78% -93.34%
139.0M
257.2M
-21.95% -54.83%
-3.14
0.54
7.59% 61.82%
87.2M
205.5M
-5.53% -12.40%
-1.53
0.42
-40.02% -142.55%
68.9M
2.8B
-2.85% -21.82%
40.22
0.02
-15.01% 137.22%
26.0M
24.4M
-2.63% -6.83%
-7.99
1.06
-16.16% -245.04%

Granite Ridge Resources, Inc. News

Latest updates
MarketBeat5 hours ago

Granite Ridge Resources, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32020Q4
Revenue-16.7%89.0010710888.0091.0011613715094.0075.0056.00-
Operating Expenses-32.0%69.0010276.0064.0062.0052.0059.0051.0032.0080.0024.00-
  S&GA Expenses6.8%6.006.005.008.009.006.003.002.003.005.002.00-
EBITDA Margin-21.0%0.22*0.28*0.39*0.49*0.59*0.56*0.25*0.28*0.32*0.38*-0.12*-0.25*
Interest Expenses31.1%3.002.001.001.000.000.001.001.001.001.000.00-
Income Taxes10.0%5.004.005.004.0011.0013.00------
Earnings Before Taxes-4.1%21.0022.0023.0013.0048.0069.0080.0093.0032.00-1.00-
EBT Margin-24.7%0.20*0.27*0.38*0.49*0.59*0.55*0.24*0.28*0.32*0.37*-0.13*-0.27*
Net Income-7.5%16.0018.0018.009.0037.0057.0080.0093.0032.0052.0025.00-
Net Income Margin-25.0%0.15*0.21*0.30*0.42*0.54*0.53*0.58*0.51*0.37*0.37*-0.13*-0.27*
Free Cashflow-23.9%69.0090.0057.0074.0081.0095.0011481.0056.0089.00--
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42020Q4
Assets4.3%967927921873856795478501524547193
  Current Assets11.4%16915210210411514695.00--98.0020.00
    Cash Equivalents96.5%21.0011.006.0015.0011.0051.0037.0047.0020.0012.009.00
Liabilities14.6%29325527022121113127.0042.0057.0072.0011.00
  Current Liabilities6.5%66.0062.0070.0053.0072.0064.0025.00--68.004.00
  Long Term Debt25.0%13811085.0055.0025.00----1.0010.00
    LT Debt, Non Current25.0%13811085.0055.0025.00----1.0010.00
Shareholder's Equity0.4%674672650652645622681601507475371
  Retained Earnings3.4%57.0055.0052.0049.0054.0032.00-19.63---8.41-9.88
  Additional Paid-In Capital0.1%654653611610593632-----
Shares Outstanding-2.2%130133134133133133133133133133133
Float----181-------
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42019Q4
Cashflow From Operations-23.9%68,65690,17557,03274,18681,47495,033114,04681,24656,06489,281-----
  Share Based Compensation46.7%5123493793751,059----------
Cashflow From Investing-1.2%-71,005-70,171-74,696-81,883-129,926-55,499-70,825-60,383-43,855-61,238-----
Cashflow From Financing180.9%12,701-15,6919,28811,2608,549-25,832-52,7006,000-4,316-35,585-----
  Dividend Payments-14,349-14,80914,62314,64010,664---------
  Buy Backs-100.0%-23,5885,908--216---------
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GRNT Income Statement

2024-03-31
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:  
Oil and natural gas sales$ 88,996$ 91,310
Operating costs and expenses:  
Lease operating expenses15,47913,772
Production and ad valorem taxes5,7495,717
Depletion and accretion expense40,94133,852
Impairments of unproved properties7320
General and administrative expense6,4928,579
Total operating costs and expenses69,39361,920
Net operating income19,60329,390
Other income (expense):  
Gain (loss) on derivatives - commodity derivatives(3,161)13,323
Interest expense(3,159)(339)
Gain on derivatives - common stock warrants05,278
Gain on equity investments7,7790
Other20
Total other income1,46118,262
Income before income taxes21,06447,652
Income tax expense4,83710,786
Net income$ 16,227$ 36,866
Net income per share:  
Basic (in dollars per share)$ 0.12$ 0.28
Diluted (in dollars per share)$ 0.12$ 0.28
Weighted-average number of shares outstanding:  
Weighted average common shares outstanding – basic (in shares)130,136133,002
Weighted average common shares outstanding – diluted (in shares)130,160133,002

GRNT Balance Sheet

2024-03-31
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:  
Cash$ 20,782$ 10,430
Revenue receivable64,83172,934
Advances to operators15,2074,928
Prepaid and other expenses2,7371,716
Derivative assets - commodity derivatives7,09411,117
Equity investments58,20750,427
Total current assets168,858151,552
Property and equipment:  
Oil and gas properties, successful efforts method1,301,3461,236,683
Accumulated depletion(508,307)(467,141)
Total property and equipment, net793,039769,542
Long-term assets:  
Derivative assets - commodity derivatives01,189
Other long-term assets4,7854,821
Total long-term assets4,7856,010
Total assets966,682927,104
Current liabilities:  
Accrued expenses62,02860,875
Other liabilities4,0811,204
Total current liabilities66,10962,079
Long-term liabilities:  
Long-term debt137,500110,000
Derivative liabilities - commodity derivatives6570
Asset retirement obligations9,5899,391
Deferred tax liability78,80973,989
Total long-term liabilities226,555193,380
Total liabilities292,664255,459
Stockholders' Equity:  
Common stock, $0.0001 par value, 431,000,000 shares authorized, 136,424,207 and 136,040,777 issued at March 31, 2024 and December 31, 2023, respectively1414
Additional paid-in capital653,686653,174
Retained earnings56,66054,782
Treasury stock, at cost, 5,680,255 and 5,677,627 shares at March 31, 2024 and December 31, 2023, respectively(36,342)(36,325)
Total stockholders' equity674,018671,645
Total liabilities and stockholders' equity$ 966,682$ 927,104
GRNT
Granite Ridge Resources, Inc. is an infrastructure firm and operates as a non-operated oil and gas exploration and production company. The firm invests in a diversified portfolio of production and top-tier acreage across the Permian and four other prolific US basins in partnership with operators. Granite Ridge Resources, Inc. is headquartered in Dallas, Texas.
 CEO
 WEBSITEgraniteridge.com
 INDUSTRYOil - E&P
 EMPLOYEES2

Granite Ridge Resources, Inc. Frequently Asked Questions


What is the ticker symbol for Granite Ridge Resources, Inc.? What does GRNT stand for in stocks?

GRNT is the stock ticker symbol of Granite Ridge Resources, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Granite Ridge Resources, Inc. (GRNT)?

As of Wed Jun 12 2024, market cap of Granite Ridge Resources, Inc. is 823.69 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of GRNT stock?

You can check GRNT's fair value in chart for subscribers.

What is the fair value of GRNT stock?

You can check GRNT's fair value in chart for subscribers. The fair value of Granite Ridge Resources, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Granite Ridge Resources, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for GRNT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Granite Ridge Resources, Inc. a good stock to buy?

The fair value guage provides a quick view whether GRNT is over valued or under valued. Whether Granite Ridge Resources, Inc. is cheap or expensive depends on the assumptions which impact Granite Ridge Resources, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for GRNT.

What is Granite Ridge Resources, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Jun 12 2024, GRNT's PE ratio (Price to Earnings) is 13.62 and Price to Sales (PS) ratio is 2.1. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. GRNT PE ratio will change depending on the future growth rate expectations of investors.