GRNT Stock Price, Granite Ridge Resources, . Quote, Chart

Market Summary

USD6.45-0.24

Delayedas of 30 Apr 2024, 01:08 pm

-3.59%

GRNT Stock Price

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GRNT RSI Chart

GRNT Valuation

Market Cap

872.7M

Price/Earnings (Trailing)

10.76

Price/Sales (Trailing)

2.21

EV/EBITDA

8.76

Price/Free Cashflow

2.88

GRNT Price/Sales (Trailing)

GRNT Profitability

EBT Margin

26.79%

Return on Equity

12.07%

Return on Assets

8.75%

Free Cashflow Yield

34.7%

GRNT Fundamentals

GRNT Revenue

Revenue (TTM)

394.1M

Rev. Growth (Yr)

-8.2%

Rev. Growth (Qtr)

-1.48%

GRNT Earnings

Earnings (TTM)

81.1M

Earnings Growth (Yr)

-69.03%

Earnings Growth (Qtr)

-2.33%

Breaking Down GRNT Revenue

52 Week Range

6.65

(Low)(High)

Last 7 days

-0.6%

Last 30 days

2.9%

Last 90 days

20.1%

How does GRNT drawdown profile look like?

GRNT Financial Health

Current Ratio

2.44

Debt/Equity

0.16

Debt/Cashflow

2.75

GRNT Investor Care

Dividend Yield

6.58%

Dividend/Share (TTM)

0.44

Buy Backs (1Y)

1.99%

Diluted EPS (TTM)

0.61

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	494.9M	432.2M	403.6M	394.1M
2022	342.0M	393.8M	445.6M	497.4M
2021	0	0	188.6M	290.2M
2020	0	0	0	87.1M

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Tracking the Latest Insider Buys and Sells of Granite Ridge Resources, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 09, 2024	miller matthew reade	acquired	-	-	24,318	-
Apr 09, 2024	lazarine kirk	acquired	-	-	24,318	-
Apr 09, 2024	darden thaddeus	acquired	-	-	9,119	-
Apr 09, 2024	perry griffin	acquired	-	-	24,318	-
Mar 21, 2024	brandenberg luke c	sold (taxes)	-8,422	6.41	-1,314	president and ceo
Mar 21, 2024	farquharson tyler	sold (taxes)	-8,422	6.41	-1,314	chief financial officer
Mar 15, 2024	brandenberg luke c	bought	31,000	6.2	5,000	president and ceo
Mar 15, 2024	mccartney john	bought	12,380	6.19	2,000	-
Mar 15, 2024	miller matthew reade	bought	10,263	6.22	1,650	-
Mar 15, 2024	farquharson tyler	bought	31,000	6.2	5,000	chief financial officer

Which funds bought or sold GRNT recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 25, 2024	Bank of New York Mellon Corp	reduced	-0.11	546,573	7,508,130	-%
Apr 25, 2024	NEW YORK STATE TEACHERS RETIREMENT SYSTEM	unchanged	-	2,000	20,000	-%
Apr 25, 2024	Zurcher Kantonalbank (Zurich Cantonalbank)	unchanged	-	6,321	85,586	-%
Apr 25, 2024	SIMPLEX TRADING, LLC	new	-	11,000	11,000	-%
Apr 24, 2024	DekaBank Deutsche Girozentrale	unchanged	-	2,000	153,000	-%
Apr 24, 2024	RITHOLTZ WEALTH MANAGEMENT	new	-	80,574	80,574	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-61.34	-8,000	6,000	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	-1,170	87,982	-%
Apr 19, 2024	VALLEY NATIONAL ADVISERS INC	new	-	1,000	1,000	-%
Apr 18, 2024	NORTHWESTERN UNIVERSITY	reduced	-25.2	-2,901,000	12,179,000	11.30%

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 Filed	Name of Filer	Percent of Class	No. of Shares	Form 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
Apr 15, 2024	DEF 14A	DEF 14A
Apr 11, 2024	4	Insider Trading
Apr 11, 2024	4	Insider Trading
Apr 11, 2024	4	Insider Trading
Apr 11, 2024	4	Insider Trading
Apr 11, 2024	SC 13D/A	13D - Major Acquisition
Apr 04, 2024	8-K	Current Report
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading

Peers (Alternatives to Granite Ridge Resources, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
XOM	471.7B	341.1B	2.92%	1.10%	14.38	1.38	-16.75%	-46.83%
CVX	308.9B	200.9B	5.45%	-1.33%	14.46	1.54	-18.40%	-39.75%
OXY	60.0B	28.9B	4.99%	10.89%	12.78	2.08	-22.04%	-64.70%
MRO	16.1B	6.6B	-1.41%	15.65%	10.38	2.43	-17.41%	-56.98%
CHK	12.2B	8.7B	4.65%	12.43%	5.03	1.39	-25.73%	-50.99%
MID-CAP
RRC	9.1B	2.2B	8.54%	41.29%	18.79	4.12	-62.59%	-77.29%
HP	4.0B	2.7B	-2.95%	23.10%	11.3	1.45	2.93%	8.77%
CNX	3.7B	2.5B	1.81%	55.51%	3.64	1.46	-6.59%	-31.79%
KOS	2.8B	1.7B	-0.84%	-7.66%	13.05	1.64	-26.01%	-5.75%
CPE	2.4B	2.1B	12.10%	1.07%	5.93	1.13	-35.04%	-60.65%
SMALL-CAP
AMPY	294.4M	307.6M	12.86%	7.96%	0.75	0.96	-32.91%	578.62%
AMTX	168.3M	186.7M	-34.22%	77.48%	-3.63	0.9	-27.21%	56.92%
BATL	86.4M	220.8M	-7.24%	-25.43%	-28.35	0.39	-38.52%	-116.44%
AE	76.9M	2.7B	3.28%	-21.39%	362.6	0.03	-18.46%	-93.92%
BRN	28.9M	23.9M	22.03%	2.13%	-10.64	1.21	-21.86%	-149.09%

Granite Ridge Resources, Inc. News

Latest updates

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

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)											(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2020Q4
Revenue	-1.5%	107	108	88.00	91.00	116	137	150	94.00	75.00	56.00	-
Operating Expenses	34.7%	102	76.00	64.00	62.00	52.00	59.00	51.00	32.00	80.00	24.00	-
S&GA Expenses	15.9%	6.00	5.00	8.00	9.00	6.00	3.00	2.00	3.00	5.00	2.00	-
EBITDA Margin	-27.3%	0.28*	0.39*	0.49*	0.59*	0.56*	0.25*	0.28*	0.32*	0.38*	-0.12*	-0.25*
Interest Expenses	77.7%	2.00	1.00	1.00	0.00	0.00	1.00	1.00	1.00	1.00	0.00	-
Income Taxes	-15.7%	4.00	5.00	4.00	11.00	13.00	-	-	-	-	-	-
Earnings Before Taxes	-5.0%	22.00	23.00	13.00	48.00	69.00	80.00	93.00	32.00	-	1.00	-
EBT Margin	-29.4%	0.27*	0.38*	0.49*	0.59*	0.55*	0.24*	0.28*	0.32*	0.37*	-0.13*	-0.27*
Net Income	-2.3%	18.00	18.00	9.00	37.00	57.00	80.00	93.00	32.00	52.00	25.00	-
Net Income Margin	-30.9%	0.21*	0.30*	0.42*	0.54*	0.53*	0.58*	0.51*	0.37*	0.37*	-0.13*	-0.27*
Free Cashflow	58.1%	90.00	57.00	74.00	81.00	95.00	114	81.00	56.00	89.00	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet										(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2020Q4
Assets	0.7%	927	921	873	856	795	478	501	524	547	193
Current Assets	47.9%	152	102	104	115	146	95.00	-	-	98.00	20.00
Cash Equivalents	67.2%	11.00	6.00	15.00	11.00	51.00	37.00	47.00	20.00	12.00	9.00
Liabilities	-5.5%	255	270	221	211	131	27.00	42.00	57.00	72.00	11.00
Current Liabilities	-11.1%	62.00	70.00	53.00	72.00	64.00	25.00	-	-	68.00	4.00
Long Term Debt	29.4%	110	85.00	55.00	25.00	-	-	-	-	1.00	10.00
LT Debt, Non Current	29.4%	110	85.00	55.00	25.00	-	-	-	-	1.00	10.00
Shareholder's Equity	3.3%	672	650	652	645	664	681	601	507	475	371
Retained Earnings	5.8%	55.00	52.00	49.00	54.00	32.00	-19.63	-	-	-8.41	-9.88
Additional Paid-In Capital	6.9%	653	611	610	593	632	-	-	-	-	-
Shares Outstanding	-1.0%	133	134	133	133	133	133	133	133	133	133
Float	-	-	-	181	-	-	-	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)														(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2019Q4
Cashflow From Operations	58.1%	90,175	57,032	74,186	81,474	95,033	114,046	81,246	56,064	89,281	-	-	-	-	-
Share Based Compensation	-7.9%	349	379	375	1,059	-	-	-	-	-	-	-	-	-	-
Cashflow From Investing	6.1%	-70,171	-74,696	-81,883	-129,926	-55,499	-70,825	-60,383	-43,855	-61,238	-	-	-	-	-
Cashflow From Financing	-268.9%	-15,691	9,288	11,260	8,549	-25,832	-52,700	6,000	-4,316	-35,585	-	-	-	-	-
Dividend Payments	-100.0%	-	14,809	14,623	14,640	10,664	-	-	-	-	-	-	-	-	-
Buy Backs	299.3%	23,588	5,908	-	-	216	-	-	-	-	-	-	-	-	-

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GRNT Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues:
Revenue from Contract with Customer, Product and Service [Extensible Enumeration]	Oil and natural gas sales [Member]	Oil and natural gas sales [Member]	Oil and natural gas sales [Member]
Oil and natural gas sales	$ 394,069	$ 497,417	$ 290,193
Operating costs and expenses:
Lease operating expenses	60,521	44,678	26,333
Production and ad valorem taxes	27,707	30,619	18,066
Depletion and accretion expense	160,662	105,752	94,661
Other	176	0	0
Impairments of long-lived assets	26,496	0	0
General and administrative (including non-cash stock-based compensation of $2,162 for the year ended December 31, 2023)	27,920	14,223	10,179
Gain on disposal of oil and natural gas properties	0	0	(2,279)
Total operating costs and expenses	303,482	195,272	146,960
Net operating income	90,587	302,145	143,233
Other income (expense):
Gain (loss) on derivatives - commodity derivatives	25,544	(25,324)	(32,389)
Interest expense	(5,315)	(1,989)	(2,385)
Gain (loss) on derivatives - common stock warrants	(5,742)	362	0
Gain on equity investments	508	0	0
Total other income (expense)	14,995	(26,951)	(34,774)
Income before income taxes	105,582	275,194	108,459
Income tax expense	24,483	12,850	0
Net income	$ 81,099	$ 262,344	$ 108,459
Net income per share:
Basic (in dollars per share)	$ 0.61	$ 1.97	$ 0.82
Diluted (in dollars per share)	$ 0.61	$ 1.97	$ 0.82
Weighted-average number of shares outstanding:
Weighted average common shares outstanding – basic (in shares)	133,093	132,923	132,923
Weighted average common shares outstanding – diluted (in shares)	133,109	133,074	132,923

GRNT Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash	$ 10,430	$ 50,833
Revenue receivable	72,934	72,287
Advances to operators	4,928	8,908
Prepaid and other expenses	1,716	4,203
Derivative assets - commodity derivatives	11,117	10,089
Equity investments	50,427	0
Total current assets	151,552	146,320
Property and equipment:
Oil and gas properties, successful efforts method	1,236,683	1,028,662
Accumulated depletion	(467,141)	(383,673)
Total property and equipment, net	769,542	644,989
Long-term assets:
Derivative assets - commodity derivatives	1,189	0
Other long-term assets	4,821	3,468
Total long-term assets	6,010	3,468
Total assets	927,104	794,777
Current liabilities:
Accrued expenses	60,875	62,180
Other liabilities	1,204	1,523
Derivative liabilities - commodity derivatives	0	431
Total current liabilities	62,079	64,134
Long-term liabilities:
Long-term debt	110,000	0
Derivative liabilities - common stock warrants	0	11,902
Asset retirement obligations	9,391	4,745
Deferred tax liability	73,989	49,749
Total long-term liabilities	193,380	66,396
Total liabilities	255,459	130,530
Commitments and contingencies (Note 11)
Stockholders' Equity:
Common stock, $0.0001 par value, 431,000,000 shares authorized, 136,040,777 and 133,294,897 issued at December 31, 2023 and 2022, respectively	14	13
Additional paid-in capital	653,174	632,075
Retained earnings	54,782	32,388
Treasury stock, at cost, 5,677,627 and 25,920 shares at December 31, 2023 and 2022, respectively	(36,325)	(229)
Total stockholders' equity	671,645	664,247
Total liabilities and stockholders' equity	$ 927,104	$ 794,777

About Granite Ridge Resources, Inc.

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	Mr. Luke C. Brandenberg
WEBSITE	graniteridge.com
INDUSTRY	Oil - E&P
EMPLOYEES	2

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 Mon Apr 29 2024, market cap of Granite Ridge Resources, Inc. is 872.7 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 Mon Apr 29 2024, GRNT's PE ratio (Price to Earnings) is 10.76 and Price to Sales (PS) ratio is 2.21. 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.