Capital One Financial Comments on GRNT Q1 Earnings

Granite Ridge Resources, Inc. (NYSE:GRNT) – Stock analysts at Capital One Financial upped their Q1 2025 earnings per share estimates for Granite Ridge Resources in a report issued on Tuesday, March 25th. Capital One Financial analyst P. Johnston now expects that the company will earn $0.18 per share for the quarter, up from their previous estimate of $0.14. Capital One Financial has a “Equal Weight” rating on the stock. The consensus estimate for Granite Ridge Resources’ current full-year earnings is $0.52 per share. Capital One Financial also issued estimates for Granite Ridge Resources’ Q2 2025 earnings at $0.17 EPS, Q3 2025 earnings at $0.18 EPS, Q4 2025 earnings at $0.18 EPS and FY2025 earnings at $0.71 EPS.

Separately, Stephens reissued an “overweight” rating and issued a $8.00 price target on shares of Granite Ridge Resources in a research report on Friday, March 7th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Granite Ridge Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.70.

Granite Ridge Resources Stock Up 1.4 %

Shares of NYSE GRNT opened at $6.21 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market capitalization of $811.69 million, a PE ratio of 17.24, a P/E/G ratio of 1.29 and a beta of 0.23. Granite Ridge Resources has a one year low of $5.27 and a one year high of $7.10. The business’s fifty day moving average price is $6.10 and its 200-day moving average price is $6.20.

Institutional Investors Weigh In On Granite Ridge Resources

A number of institutional investors and hedge funds have recently made changes to their positions in GRNT. Charles Schwab Investment Management Inc. grew its position in Granite Ridge Resources by 50.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 424,593 shares of the company’s stock worth $2,522,000 after buying an additional 141,634 shares in the last quarter. Barclays PLC boosted its position in shares of Granite Ridge Resources by 306.9% during the 3rd quarter. Barclays PLC now owns 81,092 shares of the company’s stock valued at $482,000 after acquiring an additional 61,162 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Granite Ridge Resources by 35.1% during the third quarter. Geode Capital Management LLC now owns 1,221,579 shares of the company’s stock worth $7,258,000 after purchasing an additional 317,303 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Granite Ridge Resources by 40.0% in the third quarter. Janus Henderson Group PLC now owns 76,549 shares of the company’s stock worth $455,000 after purchasing an additional 21,852 shares during the last quarter. Finally, Spider Management Company LLC raised its stake in Granite Ridge Resources by 21.4% in the fourth quarter. Spider Management Company LLC now owns 4,951,533 shares of the company’s stock valued at $31,987,000 after purchasing an additional 872,282 shares in the last quarter. Hedge funds and other institutional investors own 31.56% of the company’s stock.

Granite Ridge Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.09%. Granite Ridge Resources’s dividend payout ratio (DPR) is currently 314.29%.

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.