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Granite Ridge Resources, Inc GRNT
Financial Services - Shell Companies - NYSE - US
Watchlist
$ 6.4
-3.47 %
$ 837 M
Market Cap
17.78
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one GRNT stock under the base case scenario is HIDDEN Compared to the current market price of 6.4 USD, Granite Ridge Resources, Inc is HIDDEN

GRNT Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart GRNT

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FINANCIALS
394 M REVENUE
-16.25%
Growth Rates
1Year -16.25%
3Years 69.38%
5Years 0.00%
7Years 0.00%
10Years 0.00%
117 M OPERATING INCOME
-61.19%
Growth Rates
1Year -61.19%
3Years 80.76%
5Years 0.00%
7Years 0.00%
10Years 0.00%
81.1 M NET INCOME
-69.09%
Growth Rates
1Year -69.09%
3Years 75.32%
5Years 0.00%
7Years 0.00%
10Years 0.00%
303 M OPERATING CASH FLOW
-12.56%
Growth Rates
1Year -12.56%
3Years 65.51%
5Years 0.00%
7Years 0.00%
10Years 0.00%
-357 M INVESTING CASH FLOW
-54.70%
Growth Rates
1Year -54.70%
3Years -45.10%
5Years 0.00%
7Years 0.00%
10Years 0.00%
13.4 M FINANCING CASH FLOW
117.44%
Growth Rates
1Year 117.44%
3Years -36.38%
5Years 0.00%
7Years 0.00%
10Years 0.00%
94.1 M REVENUE
3.78%
Growth Rates
1Year -16.25%
3Years 69.38%
5Years 0.00%
7Years 0.00%
10Years 0.00%
24.7 M OPERATING INCOME
12.77%
Growth Rates
1Year -61.19%
3Years 80.76%
5Years 0.00%
7Years 0.00%
10Years 0.00%
30.4 M NET INCOME
495.59%
Growth Rates
1Year -69.09%
3Years 75.32%
5Years 0.00%
7Years 0.00%
10Years 0.00%
208 M OPERATING CASH FLOW
223.34%
Growth Rates
1Year -12.56%
3Years 65.51%
5Years 0.00%
7Years 0.00%
10Years 0.00%
-234 M INVESTING CASH FLOW
-186.40%
Growth Rates
1Year -54.70%
3Years -45.10%
5Years 0.00%
7Years 0.00%
10Years 0.00%
38.5 M FINANCING CASH FLOW
279.05%
Growth Rates
1Year 117.44%
3Years -36.38%
5Years 0.00%
7Years 0.00%
10Years 0.00%
Balance Sheet Decomposition Granite Ridge Resources, Inc
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Current Assets 152 M
Cash & Short-Term Investments 60.9 M
Receivables 72.9 M
Other Current Assets 17.8 M
Non-Current Assets 793 M
Long-Term Investments 0
PP&E 770 M
Other Non-Current Assets 23.7 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
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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
36.84% GROSS MARGIN
36.84%
Averages
1Year 36.84%
3Years 72.19%
5Years 72.40%
7Years 0.00%
10Years 0.00%
29.76% OPERATING MARGIN
29.76%
Averages
1Year 29.76%
3Years 31.86%
5Years 12.85%
7Years 0.00%
10Years 0.00%
20.58% NET MARGIN
20.58%
Averages
1Year 20.58%
3Years 25.91%
5Years 14.60%
7Years 0.00%
10Years 0.00%
12.07% ROE
12.07%
Averages
1Year 12.07%
3Years 26.46%
5Years 0.35%
7Years 0.00%
10Years 0.00%
8.75% ROA
8.75%
Averages
1Year 8.75%
3Years 21.30%
5Years 0.14%
7Years 0.00%
10Years 0.00%
11.52% ROIC
11.52%
Averages
1Year 11.52%
3Years 21.41%
5Years -3.48%
7Years 0.00%
10Years 0.00%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Granite Ridge Resources, Inc
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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
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Granite Ridge Resources, Inc
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GRNT has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
5.57% DIVIDEND YIELD
0.11 USD DIVIDEND PER SHARE
5. COMPETITION

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12.3 USD
EPSN
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Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States.

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-18.2 USD
GPOR
Overvalued 111.41%

PHX Minerals Inc. operates as a natural gas and oil mineral company in the United States. The company produces and sells natural gas, crude oil, and natural gas liquids.

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-1.13 USD
PHX
Overvalued 130.49%

California Resources Corporation operates as an independent oil and natural gas company. The company explores for, produces, gathers, processes, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities.

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68.8 USD
CRC
Undervalued 21.58%

GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Argentina, and Ecuador.

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15.8 USD
GPRK
Undervalued 92.90%

PrimeEnergy Resources Corporation, an independent oil and natural gas company, through its subsidiaries, engages in acquiring, developing, and producing oil and natural gas properties in the United States.

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99.4 USD
PNRG
Overvalued 50.74%

Crescent Energy Company, an energy company, explores for, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves.

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9.95 USD
CRGY
Overvalued 27.66%
6. Ownership
Insider Ownership Granite Ridge Resources, Inc
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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
209 K USD 4
0-3 MONTHS
302 K USD 6
3-6 MONTHS
177 K USD 5
6-9 MONTHS
205 K USD 6
9-12 MONTHS
Date Value Insider Amount Avg Price
5 days ago
Nov 13, 2024
Bought 32.8 K USD
Farquharson Tyler
Chief Financial Officer
+ 5000
 6.55 USD
2 months ago
Sep 13, 2024
Bought 3.08 K USD
Miller Matthew Reade
Director
+ 495
 6.23 USD
2 months ago
Sep 12, 2024
Bought 30.6 K USD
Perry Griffin
Director
+ 5000
 6.13 USD
2 months ago
Sep 11, 2024
Bought 29.8 K USD
Farquharson Tyler
Chief Financial Officer
+ 5000
 5.95 USD
2 months ago
Sep 11, 2024
Bought 50.7 K USD
Miller Matthew Reade
Director
+ 8500
 5.97 USD
2 months ago
Aug 22, 2024
Bought 3.14 K USD
MCCARTNEY JOHN
Director
+ 500
 6.29 USD
2 months ago
Aug 22, 2024
Bought 25.3 K USD
Miller Matthew Reade
Director
+ 4000
 6.33 USD
3 months ago
Aug 16, 2024
Bought 6.54 K USD
MCCARTNEY JOHN
Director
+ 1000
 6.54 USD
2 months ago
Aug 19, 2024
Bought 33.1 K USD
Farquharson Tyler
Chief Financial Officer
+ 5000
 6.62 USD
3 months ago
Aug 16, 2024
Bought 32.1 K USD
Miller Matthew Reade
Director
+ 4938
 6.5 USD
3 months ago
Aug 14, 2024
Bought 6.51 K USD
MCCARTNEY JOHN
Director
+ 1000
 6.51 USD
3 months ago
Aug 13, 2024
Bought 31.2 K USD
Brandenberg Luke C
President and CEO
+ 5000
 6.23 USD
5 months ago
Jun 17, 2024
Bought 2.85 K USD
Miller Matthew Reade
Director
+ 483
 5.91 USD
5 months ago
Jun 14, 2024
Bought 41.3 K USD
Darden Thaddeus
Director
+ 7000
 5.9 USD
5 months ago
Jun 14, 2024
Bought 29.6 K USD
Brandenberg Luke C
President and CEO
+ 5000
 5.93 USD
5 months ago
Jun 14, 2024
Bought 50.2 K USD
Miller Matthew Reade
Director
+ 8500
 5.9 USD
5 months ago
Jun 06, 2024
Bought 18.9 K USD
Darden Thaddeus
Director
+ 3000
 6.29 USD
5 months ago
Jun 03, 2024
Bought 50 K USD
Miller Matthew Reade
Director
+ 7700
 6.5 USD
5 months ago
May 23, 2024
Bought 3.28 K USD
MCCARTNEY JOHN
Director
+ 500
 6.55 USD
5 months ago
May 23, 2024
Bought 13.1 K USD
Perry Griffin
Director
+ 2000
 6.54 USD
5 months ago
May 21, 2024
Bought 6.59 K USD
MCCARTNEY JOHN
Director
+ 1000
 6.59 USD
5 months ago
May 20, 2024
Bought 6.62 K USD
Everard Michele J
Director
+ 1000
 6.62 USD
6 months ago
May 17, 2024
Bought 3.26 K USD
MCCARTNEY JOHN
Director
+ 500
 6.51 USD
6 months ago
May 16, 2024
Bought 3.32 K USD
MCCARTNEY JOHN
Director
+ 500
 6.63 USD
6 months ago
May 14, 2024
Bought 31.8 K USD
Farquharson Tyler
Chief Financial Officer
+ 5000
 6.35 USD
6 months ago
May 14, 2024
Bought 31.2 K USD
Brandenberg Luke C
President and CEO
+ 5000
 6.25 USD
8 months ago
Mar 15, 2024
Bought 31 K USD
Farquharson Tyler
Chief Financial Officer
+ 5000
 6.2 USD
8 months ago
Mar 15, 2024
Bought 10.3 K USD
Miller Matthew Reade
Director
+ 1650
 6.22 USD
8 months ago
Mar 14, 2024
Bought 20.2 K USD
Miller Matthew Reade
Director
+ 3250
 6.2 USD
8 months ago
Mar 15, 2024
Bought 31 K USD
Brandenberg Luke C
President and CEO
+ 5000
 6.2 USD
8 months ago
Mar 15, 2024
Bought 12.4 K USD
MCCARTNEY JOHN
Director
+ 2000
 6.19 USD
8 months ago
Mar 12, 2024
Bought 6.04 K USD
Everard Michele J
Director
+ 1000
 6.04 USD
11 months ago
Nov 21, 2023
Bought 3.08 K USD
MCCARTNEY JOHN
Director
+ 500
 6.17 USD
11 months ago
Dec 12, 2023
Bought 15.4 K USD
Miller Matthew Reade
Director
+ 2600
 5.93 USD
11 months ago
Dec 04, 2023
Bought 17.7 K USD
Perry Griffin
Director
+ 3000
 5.89 USD
11 months ago
Dec 04, 2023
Bought 58 K USD
Darden Thaddeus
Director
+ 10000
 5.8 USD
11 months ago
Nov 30, 2023
Bought 59.2 K USD
Darden Thaddeus
Director
+ 10000
 5.92 USD
11 months ago
Nov 27, 2023
Bought 3.06 K USD
MCCARTNEY JOHN
Director
+ 500
 6.12 USD
11 months ago
Nov 24, 2023
Bought 6.2 K USD
MCCARTNEY JOHN
Director
+ 1000
 6.2 USD
11 months ago
Nov 22, 2023
Bought 3.1 K USD
MCCARTNEY JOHN
Director
+ 500
 6.21 USD
11 months 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
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 - 2 days 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 - 1 week 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 - 1 week 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 - 2 weeks 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 - 3 weeks 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 - 1 month 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 - 1 month ago
Granite Ridge Resources, Inc. (GRNT) Q2 2024 Earnings Call Transcript Granite Ridge Resources, Inc. (NYSE:GRNT ) Q2 2024 Earnings Conference Call August 9, 2024 11:00 AM ET Company Participants Luke Brandenberg - President & CEO Tyler Farquharson - CFO Conference Call Participants Phillips Johnston - Capital One Michael Scialla - Stephens John White - ROTH Capital Noah Hungness - Bank of America Jeff Robertson - Water Tower Research Operator Good morning, and welcome, everyone to Granite Ridge Resources Second Quarter 2024 Earnings Conference Call. Currently all participants are in a listen-only mode. seekingalpha.com - 3 months ago
Granite Ridge Resources, Inc. (GRNT) Q2 Earnings and Revenues Miss Estimates Granite Ridge Resources, Inc. (GRNT) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.19 per share a year ago. zacks.com - 3 months ago
Earnings Preview: Granite Ridge Resources, Inc. (GRNT) Q2 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 - 3 months ago
3 Dividend Stocks Under $10 Set for 100% Returns in 24 Months Sometimes, the best deals on the market offer real growth potential and a decent dividend yield. That's because these types of securities offer a dual-factor approach to appreciating by providing returns in stock growth and a compounding dividend. investorplace.com - 3 months ago
Granite Ridge Resources Schedules Second 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 second quarter of 2024 on Thursday, August 8, 2024, after the close of trading on the New York Stock Exchange. Granite Ridge will host a webcast and conference call on Friday, August 9, 2024, at 10:00 a.m. central time to discuss its second quarter 2024 financial and operating results. Second Quarter 2024 Earnings Conf. businesswire.com - 4 months ago
8. Profile Summary

Granite Ridge Resources, Inc GRNT

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COUNTRY US
INDUSTRY Shell Companies
MARKET CAP $ 837 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 Mr. Luke C. Brandenberg President & Chief Executive Officer Mr. Michael G. Ott Vice President of Corporate Development & Investor Relations Ms. Emily Tubb Fuquay Corporate Secretary Ms. Kimberly A. Weimer Chief Accounting Officer Mr. Tyler S. Farquharson Chief Financial Officer