Analysts Set Expectations for GRNT FY2026 Earnings

Granite Ridge Resources, Inc. (NYSE:GRNT) – Equities researchers at Capital One Financial upped their FY2026 earnings estimates for Granite Ridge Resources in a report released on Tuesday, March 25th. Capital One Financial analyst P. Johnston now expects that the company will earn $0.71 per share for the year, up from their previous forecast of $0.58. 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.

Separately, Stephens reaffirmed an “overweight” rating and issued a $8.00 target price on shares of Granite Ridge Resources in a research note on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $7.70.

Granite Ridge Resources Price Performance

Shares of Granite Ridge Resources stock opened at $6.22 on Thursday. The stock has a market capitalization of $813.00 million, a P/E ratio of 17.26, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 1.56. The business’s 50 day simple moving average is $6.09 and its two-hundred day simple moving average is $6.20.

Granite Ridge Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 7.08%. The ex-dividend date was Friday, February 28th. Granite Ridge Resources’s payout ratio is 314.29%.

Institutional Investors Weigh In On Granite Ridge Resources

Several institutional investors and hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP increased its stake in shares of Granite Ridge Resources by 691.0% during the fourth quarter. Quantbot Technologies LP now owns 9,112 shares of the company’s stock valued at $59,000 after buying an additional 7,960 shares during the period. BNP Paribas Financial Markets purchased a new stake in Granite Ridge Resources in the fourth quarter worth about $62,000. KLP Kapitalforvaltning AS bought a new position in Granite Ridge Resources during the 4th quarter valued at approximately $68,000. One68 Global Capital LLC purchased a new position in shares of Granite Ridge Resources in the 4th quarter worth about $71,000. Finally, Belvedere Trading LLC purchased a new position in Granite Ridge Resources in the fourth quarter worth about $75,000. Hedge funds and other institutional investors own 31.56% of the company’s stock.

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.