Energy -
Oil & Gas Exploration & Production - NYSE - US
$ 5.595
-0.622 %
$ 732 M
Market Cap
15.54
P/E
1. INTRINSIC VALUE
Balance Sheet
Granite Ridge Resources, Inc
| Current Assets | 152 M |
| Cash & Short-Term Investments | 60.9 M |
| Receivables | 72.9 M |
| Other Current Assets | 17.8 M |
| Non-Current Assets | 776 M |
| Long-Term Investments | 0 |
| PP&E | 770 M |
| Other Non-Current Assets | 6.01 M |
| Current Liabilities | 62.1 M |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 62.1 M |
| Non-Current Liabilities | 193 M |
| Long-Term Debt | 110 M |
| Other Non-Current Liabilities | 83.4 M |
EFFICIENCY
Earnings Waterfall
Granite Ridge Resources, Inc
| Revenue | 394 M |
| Cost Of Revenue | 249 M |
| Gross Profit | 145 M |
| Operating Expenses | 27.9 M |
| Operating Income | 117 M |
| Other Expenses | 36.2 M |
| Net Income | 81.1 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Granite Ridge Resources, Inc
| Net Income | 81.1 M |
| Depreciation & Amortization | 161 M |
| Capital Expenditures | -359 M |
| Stock-Based Compensation | 2.16 M |
| Change in Working Capital | 4.64 M |
| Others | 34.7 M |
| Free Cash Flow | -56.3 M |
Wall Street Analysts Price Targets
Granite Ridge Resources, Inc
GRNT has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
5.57%
DIVIDEND YIELD
0.11 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Granite Ridge Resources, Inc
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
388 K USD 4
0-3 MONTHS
468 K USD 6
3-6 MONTHS
331 K USD 5
6-9 MONTHS
210 K USD 6
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
2 months ago
Dec 16, 2024
|
Bought
3.05 K USD
|
Miller Matthew Reade
Director
|
+ 506
|
6.03 USD |
|
2 months ago
Dec 12, 2024
|
Bought
9.14 K USD
|
Brandenberg Luke C
President and CEO
|
+ 1505
|
6.07 USD |
|
2 months ago
Dec 11, 2024
|
Bought
51.8 K USD
|
Brandenberg Luke C
President and CEO
|
+ 8495
|
6.1 USD |
|
2 months ago
Dec 06, 2024
|
Bought
57.9 K USD
|
Darden Thaddeus
Director
|
+ 9440
|
6.13 USD |
|
2 months ago
Dec 06, 2024
|
Bought
250 K USD
|
Miller Matthew Reade
Director
|
+ 41000
|
6.1 USD |
|
2 months ago
Dec 05, 2024
|
Bought
6.24 K USD
|
MCCARTNEY JOHN
Director
|
+ 1000
|
6.24 USD |
|
2 months ago
Dec 05, 2024
|
Bought
9.32 K USD
|
Brandenberg Luke C
President and CEO
|
+ 1500
|
6.21 USD |
|
3 months ago
Nov 26, 2024
|
Bought
16.4 K USD
|
Brandenberg Luke C
President and CEO
|
+ 2500
|
6.57 USD |
|
3 months ago
Nov 21, 2024
|
Bought
6.62 K USD
|
MCCARTNEY JOHN
Director
|
+ 1000
|
6.62 USD |
|
3 months ago
Nov 21, 2024
|
Bought
134 K USD
|
Miller Matthew Reade
Director
|
+ 20327
|
6.6 USD |
|
3 months ago
Nov 20, 2024
|
Bought
118 K USD
|
Miller Matthew Reade
Director
|
+ 18173
|
6.49 USD |
|
3 months ago
Nov 18, 2024
|
Bought
6.51 K USD
|
Everard Michele J
Director
|
+ 1000
|
6.51 USD |
|
3 months ago
Nov 18, 2024
|
Bought
6.59 K USD
|
MCCARTNEY JOHN
Director
|
+ 1000
|
6.59 USD |
|
3 months ago
Nov 15, 2024
|
Bought
32.5 K USD
|
Brandenberg Luke C
President and CEO
|
+ 5000
|
6.5 USD |
|
3 months ago
Nov 13, 2024
|
Bought
32.8 K USD
|
Farquharson Tyler
Chief Financial Officer
|
+ 5000
|
6.55 USD |
|
5 months ago
Sep 13, 2024
|
Bought
3.08 K USD
|
Miller Matthew Reade
Director
|
+ 495
|
6.23 USD |
|
5 months ago
Sep 12, 2024
|
Bought
30.6 K USD
|
Perry Griffin
Director
|
+ 5000
|
6.13 USD |
|
5 months ago
Sep 11, 2024
|
Bought
29.8 K USD
|
Farquharson Tyler
Chief Financial Officer
|
+ 5000
|
5.95 USD |
|
5 months ago
Sep 11, 2024
|
Bought
50.7 K USD
|
Miller Matthew Reade
Director
|
+ 8500
|
5.97 USD |
|
6 months ago
Aug 22, 2024
|
Bought
3.14 K USD
|
MCCARTNEY JOHN
Director
|
+ 500
|
6.29 USD |
|
6 months ago
Aug 22, 2024
|
Bought
25.3 K USD
|
Miller Matthew Reade
Director
|
+ 4000
|
6.33 USD |
|
6 months ago
Aug 16, 2024
|
Bought
6.54 K USD
|
MCCARTNEY JOHN
Director
|
+ 1000
|
6.54 USD |
|
6 months ago
Aug 19, 2024
|
Bought
33.1 K USD
|
Farquharson Tyler
Chief Financial Officer
|
+ 5000
|
6.62 USD |
|
6 months ago
Aug 16, 2024
|
Bought
32.1 K USD
|
Miller Matthew Reade
Director
|
+ 4938
|
6.5 USD |
|
6 months ago
Aug 14, 2024
|
Bought
6.51 K USD
|
MCCARTNEY JOHN
Director
|
+ 1000
|
6.51 USD |
|
6 months ago
Aug 13, 2024
|
Bought
31.2 K USD
|
Brandenberg Luke C
President and CEO
|
+ 5000
|
6.23 USD |
|
8 months ago
Jun 17, 2024
|
Bought
2.85 K USD
|
Miller Matthew Reade
Director
|
+ 483
|
5.91 USD |
|
8 months ago
Jun 14, 2024
|
Bought
41.3 K USD
|
Darden Thaddeus
Director
|
+ 7000
|
5.9 USD |
|
8 months ago
Jun 14, 2024
|
Bought
29.6 K USD
|
Brandenberg Luke C
President and CEO
|
+ 5000
|
5.93 USD |
|
8 months ago
Jun 14, 2024
|
Bought
50.2 K USD
|
Miller Matthew Reade
Director
|
+ 8500
|
5.9 USD |
|
8 months ago
Jun 06, 2024
|
Bought
18.9 K USD
|
Darden Thaddeus
Director
|
+ 3000
|
6.29 USD |
|
9 months ago
Jun 03, 2024
|
Bought
50 K USD
|
Miller Matthew Reade
Director
|
+ 7700
|
6.5 USD |
|
9 months ago
May 23, 2024
|
Bought
3.28 K USD
|
MCCARTNEY JOHN
Director
|
+ 500
|
6.55 USD |
|
9 months ago
May 23, 2024
|
Bought
13.1 K USD
|
Perry Griffin
Director
|
+ 2000
|
6.54 USD |
|
9 months ago
May 21, 2024
|
Bought
6.59 K USD
|
MCCARTNEY JOHN
Director
|
+ 1000
|
6.59 USD |
|
9 months ago
May 20, 2024
|
Bought
6.62 K USD
|
Everard Michele J
Director
|
+ 1000
|
6.62 USD |
|
9 months ago
May 17, 2024
|
Bought
3.26 K USD
|
MCCARTNEY JOHN
Director
|
+ 500
|
6.51 USD |
|
9 months ago
May 16, 2024
|
Bought
3.32 K USD
|
MCCARTNEY JOHN
Director
|
+ 500
|
6.63 USD |
|
9 months ago
May 14, 2024
|
Bought
31.8 K USD
|
Farquharson Tyler
Chief Financial Officer
|
+ 5000
|
6.35 USD |
|
9 months ago
May 14, 2024
|
Bought
31.2 K USD
|
Brandenberg Luke C
President and CEO
|
+ 5000
|
6.25 USD |
|
11 months ago
Mar 15, 2024
|
Bought
31 K USD
|
Farquharson Tyler
Chief Financial Officer
|
+ 5000
|
6.2 USD |
|
11 months ago
Mar 15, 2024
|
Bought
10.3 K USD
|
Miller Matthew Reade
Director
|
+ 1650
|
6.22 USD |
|
11 months ago
Mar 14, 2024
|
Bought
20.2 K USD
|
Miller Matthew Reade
Director
|
+ 3250
|
6.2 USD |
|
11 months ago
Mar 15, 2024
|
Bought
31 K USD
|
Brandenberg Luke C
President and CEO
|
+ 5000
|
6.2 USD |
|
11 months ago
Mar 15, 2024
|
Bought
12.4 K USD
|
MCCARTNEY JOHN
Director
|
+ 2000
|
6.19 USD |
|
11 months ago
Mar 12, 2024
|
Bought
6.04 K USD
|
Everard Michele J
Director
|
+ 1000
|
6.04 USD |
|
1 year ago
Nov 21, 2023
|
Bought
3.08 K USD
|
MCCARTNEY JOHN
Director
|
+ 500
|
6.17 USD |
|
1 year ago
Dec 12, 2023
|
Bought
15.4 K USD
|
Miller Matthew Reade
Director
|
+ 2600
|
5.93 USD |
|
1 year ago
Dec 04, 2023
|
Bought
17.7 K USD
|
Perry Griffin
Director
|
+ 3000
|
5.89 USD |
|
1 year ago
Dec 04, 2023
|
Bought
58 K USD
|
Darden Thaddeus
Director
|
+ 10000
|
5.8 USD |
|
1 year ago
Nov 30, 2023
|
Bought
59.2 K USD
|
Darden Thaddeus
Director
|
+ 10000
|
5.92 USD |
|
1 year ago
Nov 27, 2023
|
Bought
3.06 K USD
|
MCCARTNEY JOHN
Director
|
+ 500
|
6.12 USD |
|
1 year ago
Nov 24, 2023
|
Bought
6.2 K USD
|
MCCARTNEY JOHN
Director
|
+ 1000
|
6.2 USD |
|
1 year ago
Nov 22, 2023
|
Bought
3.1 K USD
|
MCCARTNEY JOHN
Director
|
+ 500
|
6.21 USD |
|
1 year ago
Nov 20, 2023
|
Bought
3.12 K USD
|
MCCARTNEY JOHN
Director
|
+ 500
|
6.25 USD |
|
1 year ago
Nov 17, 2023
|
Bought
3.12 K USD
|
MCCARTNEY JOHN
Director
|
+ 500
|
6.23 USD |
|
1 year ago
Nov 16, 2023
|
Bought
3.06 K USD
|
MCCARTNEY JOHN
Director
|
+ 500
|
6.13 USD |
|
1 year ago
Nov 14, 2023
|
Bought
15.1 K USD
|
Farquharson Tyler
Chief Financial Officer
|
+ 2500
|
6.03 USD |
|
1 year ago
Nov 14, 2023
|
Bought
15 K USD
|
Brandenberg Luke C
President and CEO
|
+ 2500
|
6 USD |
|
1 year ago
Sep 18, 2023
|
Bought
99.7 K USD
|
Miller Matthew Reade
Director
|
+ 17284
|
5.77 USD |
|
1 year ago
Sep 18, 2023
|
Bought
11.5 K USD
|
Perry Griffin
Director
|
+ 2000
|
5.76 USD |
|
1 year ago
Sep 18, 2023
|
Bought
57.5 K USD
|
Lazarine Kirk
Director
|
+ 10000
|
5.75 USD |
|
1 year ago
Sep 18, 2023
|
Bought
115 K USD
|
Darden Thaddeus
Director
|
+ 20000
|
5.74 USD |
|
1 year ago
Sep 15, 2023
|
Sell 28.4 M
USD
|
GREP GP III, LLC
10 percent owner
|
- 5687739
|
5 USD |
|
1 year ago
Sep 15, 2023
|
Sell 12.4 M
USD
|
GREP GP III, LLC
10 percent owner
|
- 2477261
|
5 USD |
|
1 year ago
Sep 15, 2023
|
Bought
50 K USD
|
Brandenberg Luke C
President and CEO
|
+ 10000
|
5 USD |
|
1 year ago
Sep 15, 2023
|
Bought
50 K USD
|
Farquharson Tyler
Chief Financial Officer
|
+ 10000
|
5 USD |
|
1 year ago
Jun 09, 2023
|
Bought
6.2 K USD
|
MCCARTNEY JOHN
Director
|
+ 1000
|
6.2 USD |
|
1 year ago
Jun 09, 2023
|
Bought
18.4 K USD
|
Darden Thaddeus
Director
|
+ 3000
|
6.14 USD |
|
1 year ago
Jun 07, 2023
|
Bought
5.95 K USD
|
MCCARTNEY JOHN
Director
|
+ 1000
|
5.95 USD |
|
1 year ago
Jun 05, 2023
|
Bought
6.04 K USD
|
Everard Michele J
Director
|
+ 1000
|
6.04 USD |
|
1 year ago
Jun 06, 2023
|
Bought
5.88 K USD
|
MCCARTNEY JOHN
Director
|
+ 1000
|
5.88 USD |
|
1 year ago
Jun 05, 2023
|
Bought
6.08 K USD
|
MCCARTNEY JOHN
Director
|
+ 1000
|
6.08 USD |
|
1 year ago
Jun 01, 2023
|
Bought
2.93 K USD
|
Miller Matthew Reade
Director
|
+ 505
|
5.81 USD |
|
1 year ago
May 31, 2023
|
Bought
3.28 K USD
|
Perry Griffin
Director
|
+ 600
|
5.47 USD |
|
1 year ago
May 31, 2023
|
Bought
11.1 K USD
|
Miller Matthew Reade
Director
|
+ 2000
|
5.55 USD |
|
1 year ago
May 30, 2023
|
Bought
12.3 K USD
|
Miller Matthew Reade
Director
|
+ 2000
|
6.15 USD |
|
1 year ago
May 26, 2023
|
Bought
11.9 K USD
|
Miller Matthew Reade
Director
|
+ 2000
|
5.94 USD |
|
1 year ago
May 25, 2023
|
Bought
11.8 K USD
|
Miller Matthew Reade
Director
|
+ 2000
|
5.89 USD |
|
1 year ago
May 24, 2023
|
Bought
22.6 K USD
|
Farquharson Tyler
Chief Financial Officer
|
+ 3787
|
5.97 USD |
|
1 year ago
May 23, 2023
|
Bought
35.2 K USD
|
Farquharson Tyler
Chief Financial Officer
|
+ 6213
|
5.67 USD |
|
1 year ago
May 25, 2023
|
Bought
954 USD
|
Perry Griffin
Director
|
+ 166
|
5.75 USD |
|
1 year ago
May 23, 2023
|
Bought
56.7 K USD
|
Brandenberg Luke C
President and CEO
|
+ 10000
|
5.67 USD |
7. News
Undercovered Dozen: Celanese, NovaGold Resources, Granite Ridge, Plains GP +
The 'Undercovered' Dozen series highlights 12 lesser-covered stocks, offering fresh investment ideas and fostering discussion among investors. Standout stocks include Byrna Technologies, Granite Ridge Resources, and Centrus Energy, each with unique growth potential and strategic advantages. Applied Materials and Dun & Bradstreet present attractive long-term opportunities, despite recent market reactions and takeover rumors.
seekingalpha.com
- 2 weeks ago
Granite Ridge Resources Declares Quarterly Cash Dividend and Schedules Fourth Quarter 2024 Earnings Conference Call
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced that its Board of Directors declared a regular quarterly dividend of $0.11 per share payable on March 14, 2025 to shareholders of record as of February 28, 2025. Future declarations of dividends are subject to approval by the Board of Directors. Fourth Quarter 2024 Earnings Conference Call Granite Ridge will report its financial and operating results for the fourth quarter of 2.
businesswire.com
- 2 weeks ago
Granite Ridge Resources: Potential Value Underscored By Significant Insider Purchases
Granite Ridge insiders purchased approximately 117,000 shares at an average price of $6.31 per share. There was also reported acquisition interest from Northern Oil and Gas, although Northern then indicated there were no current negotiations. Granite Ridge's projected 2025 free cash flow has improved a bit since I last looked at it.
seekingalpha.com
- 2 weeks ago
Buy These 3 Top Stocks Poised for a Breakout: ASUR, GRNT, PRTH
Asure Software, Granite Ridge Resources, and Priority Technology Holdings have been selected as the breakout stocks for today.
zacks.com
- 1 month ago
Exclusive: Northern Oil and Gas in bid to acquire smaller rival Granite Ridge, sources say
Northern Oil and Gas has made an acquisition offer for Granite Ridge Resources , a smaller U.S. producer with operations in basins including the Permian and Eagle Ford, according to people familiar with the matter.
reuters.com
- 2 months ago
Granite Ridge Resources: 2025 Oil Production May Increase By Over 20%
Granite Ridge expects mid-teens total production growth in 2025. This may include 20+% oil production growth. I expect Granite Ridge's 2025 capex to be lower than 2024 since much of the 2025 growth is driven by late 2024 spending.
seekingalpha.com
- 3 months ago
Granite Ridge Resources, Inc. (GRNT) Q3 2024 Earnings Call Transcript
Granite Ridge Resources, Inc. (NYSE:GRNT ) Q3 2024 Earnings Conference Call November 8, 2024 11:00 AM ET Company Participants James Masters - Investor Relations Representative Luke Brandenberg - President and Chief Executive Officer Tyler Farquharson - Chief Financial Officer Conference Call Participants Noah Hungness - Bank of America Michael Scialla - Stevens Inc Phillips Johnston - Capital One Jeff Robertson - Water Tower Research Operator Good morning, and welcome everyone to Granite Ridge Resources Third Quarter 2024 Earnings Conference Call. Currently, all participants are in a listen-only mode.
seekingalpha.com
- 3 months ago
Granite Ridge Resources, Inc. (GRNT) Beats Q3 Earnings Estimates
Granite Ridge Resources, Inc. (GRNT) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.21 per share a year ago.
zacks.com
- 3 months ago
Earnings Preview: Granite Ridge Resources, Inc. (GRNT) Q3 Earnings Expected to Decline
Granite Ridge Resources, Inc. (GRNT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 4 months ago
67 October Graham All-Star Value Dogs Show 55 Fit To Buy
The Value Score identifies large-cap stocks offering high-value relative to profits, cash flows, assets and sales, aiding in finding undervalued companies.
seekingalpha.com
- 4 months ago
Granite Ridge Resources Schedules Third Quarter 2024 Earnings Conference Call
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced that it will report financial and operating results for the third quarter of 2024 on Thursday, November 7, 2024, after the close of trading on the New York Stock Exchange. Granite Ridge will host a webcast and conference call on Friday, November 8, 2024, at 10:00 a.m. Central time to discuss its third quarter 2024 financial and operating results. Third Quarter 2024 Earnings Con.
businesswire.com
- 4 months ago
68 Graham All Star Value Stocks Show 55 In September Fit To Buy
The Value Score identifies large-cap stocks offering high value relative to their price, focusing on profits, cash flows, assets, and sales. The Ben Graham Formula targets ultra-stable stocks with strong earnings, dividends, and low valuations, ideal for long-term investment. Analysts project significant gains for top-yield Graham All-Star-Value stocks, with estimated returns ranging from 27.64% to 86.21% by September 2025.
seekingalpha.com
- 5 months ago
8. Profile
Summary
Granite Ridge Resources, Inc GRNT
COUNTRY
US
INDUSTRY
Oil & Gas Exploration & Production
MARKET CAP
$ 732 M
Dividend Yield
5.57%
Description
Granite Ridge Resources, Inc. manages private funds with interests in areas of the Midland, Delaware, Bakken, Eagle Ford, DJ, and Haynesville play. It invests in oil and gas exploration and production. The company is based in Dallas, Texas.
Contact
5217 McKinney Avenue, Dallas, TX, 75205
None
IPO
Date
Nov. 6, 2020
Employees
2
Officers
Ms. Kimberly A. Weimer
Chief Accounting Officer
Mr. Luke C. Brandenberg
President & Chief Executive Officer
Mr. Adam Brandau
Controller
Ms. Emily Tubb Fuquay
Corporate Secretary
Mr. Tyler S. Farquharson
Chief Financial Officer