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

Market Summary

USD6.47+0.01

Delayed

0.15%

GRNT Alerts

Big fall in earnings (Y/Y)

GRNT Stock Price

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GRNT RSI Chart

GRNT Valuation

Market Cap

845.9M

Price/Earnings (Trailing)

13.99

Price/Sales (Trailing)

2.16

EV/EBITDA

11.04

Price/Free Cashflow

2.92

GRNT Price/Sales (Trailing)

GRNT Profitability

EBT Margin

20.16%

Return on Equity

8.97%

Return on Assets

6.25%

Free Cashflow Yield

34.29%

GRNT Fundamentals

GRNT Revenue

Revenue (TTM)

391.8M

Rev. Growth (Yr)

-2.53%

Rev. Growth (Qtr)

-16.67%

GRNT Earnings

Earnings (TTM)

60.5M

Earnings Growth (Yr)

-55.98%

Earnings Growth (Qtr)

-7.48%

Breaking Down GRNT Revenue

Last 7 days

2.1%

Last 30 days

-2.1%

Last 90 days

4.9%

How does GRNT drawdown profile look like?

GRNT Financial Health

Current Ratio

2.55

Debt/Equity

0.2

Debt/Cashflow

2.11

GRNT Investor Care

Dividend Yield

6.8%

Dividend/Share (TTM)

0.44

Buy Backs (1Y)

1.72%

Diluted EPS (TTM)

0.45

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	391.8M	0	0	0
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
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	added	57.87	153,507	371,365	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-72.99	-199,656	82,218	-%
May 16, 2024	Virtus Investment Advisers, Inc.	sold off	-100	-603,011	-	-%
May 15, 2024	Mariner, LLC	added	4.37	12,588	111,761	-%
May 15, 2024	Cipher Capital LP	added	132	128,527	213,590	0.10%
May 15, 2024	Saba Capital Management, L.P.	unchanged	-	55,621	753,207	0.01%
May 15, 2024	TWO SIGMA ADVISERS, LP	added	95.45	323,532	614,900	-%
May 15, 2024	Corton Capital Inc.	reduced	-36.25	-104,491	230,763	0.09%
May 15, 2024	Aventail Capital Group, LP	unchanged	-	43,200	585,000	0.04%
May 15, 2024	Woodline Partners LP	reduced	-27.41	-1,518,800	5,504,940	0.05%

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

GRNT Alerts

Big fall in earnings (Y/Y)

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
May 15, 2024	4	Insider Trading
May 14, 2024	4	Insider Trading
May 09, 2024	10-Q	Quarterly Report
May 09, 2024	8-K	Current Report
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

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	0.85%	13.11%	14.38	1.38	-16.75%	-46.83%
CVX	300.5B	198.9B	4.03%	5.64%	14.81	1.51	-18.05%	-43.28%
OXY	56.3B	27.7B	-3.83%	8.93%	13.02	2.03	-22.75%	-55.41%
MRO	14.8B	6.6B	-5.31%	13.71%	10.31	2.23	-15.57%	-47.38%
CHK	12.0B	6.4B	5.21%	11.50%	11.38	1.87	-54.63%	-85.10%
MID-CAP
RRC	9.2B	2.2B	8.87%	28.18%	19.03	4.18	-62.59%	-77.29%
HP	3.8B	2.7B	-5.78%	17.60%	10.77	1.38	2.93%	8.77%
CNX	3.7B	2.5B	1.93%	51.75%	3.66	1.46	-6.59%	-31.79%
KOS	2.8B	1.7B	-2.31%	-5.73%	12.58	1.62	-15.13%	-28.06%
CPE	2.4B	2.1B	12.10%	1.07%	5.93	1.13	-35.04%	-60.65%
SMALL-CAP
AMPY	249.2M	304.0M	-7.64%	-11.90%	8.14	0.82	-28.78%	-93.34%
AMTX	170.5M	257.2M	1.32%	57.38%	-3.85	0.66	7.59%	61.82%
BATL	94.5M	205.5M	5.90%	5.71%	-1.66	0.46	-40.02%	-142.55%
AE	70.6M	2.8B	-3.81%	-20.17%	41.23	0.03	-15.01%	137.22%
BRN	26.1M	24.4M	-6.81%	2.77%	-8.02	1.07	-16.16%	-245.04%

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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2020Q4
Revenue	-16.7%	89.00	107	108	88.00	91.00	116	137	150	94.00	75.00	56.00	-
Operating Expenses	-32.0%	69.00	102	76.00	64.00	62.00	52.00	59.00	51.00	32.00	80.00	24.00	-
S&GA Expenses	-100.0%	-	6.00	5.00	8.00	9.00	6.00	3.00	2.00	3.00	5.00	2.00	-
EBITDA Margin	-21.0%	0.22*	0.28*	0.39*	0.49*	0.59*	0.56*	0.25*	0.28*	0.32*	0.38*	-0.12*	-0.25*
Interest Expenses	31.1%	3.00	2.00	1.00	1.00	0.00	0.00	1.00	1.00	1.00	1.00	0.00	-
Income Taxes	10.3%	5.00	4.00	5.00	4.00	11.00	13.00	-	-	-	-	-	-
Earnings Before Taxes	-4.1%	21.00	22.00	23.00	13.00	48.00	69.00	80.00	93.00	32.00	-	1.00	-
EBT Margin	-24.7%	0.20*	0.27*	0.38*	0.49*	0.59*	0.55*	0.24*	0.28*	0.32*	0.37*	-0.13*	-0.27*
Net Income	-7.5%	16.00	18.00	18.00	9.00	37.00	57.00	80.00	93.00	32.00	52.00	25.00	-
Net Income Margin	-25.0%	0.15*	0.21*	0.30*	0.42*	0.54*	0.53*	0.58*	0.51*	0.37*	0.37*	-0.13*	-0.27*
Free Cashflow	-23.9%	69.00	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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2020Q4
Assets	4.3%	967	927	921	873	856	795	478	501	524	547	193
Current Assets	11.4%	169	152	102	104	115	146	95.00	-	-	98.00	20.00
Cash Equivalents	96.5%	21.00	11.00	6.00	15.00	11.00	51.00	37.00	47.00	20.00	12.00	9.00
Liabilities	14.6%	293	255	270	221	211	131	27.00	42.00	57.00	72.00	11.00
Current Liabilities	6.5%	66.00	62.00	70.00	53.00	72.00	64.00	25.00	-	-	68.00	4.00
Long Term Debt	25.0%	138	110	85.00	55.00	25.00	-	-	-	-	1.00	10.00
LT Debt, Non Current	-100.0%	-	110	85.00	55.00	25.00	-	-	-	-	1.00	10.00
Shareholder's Equity	0.4%	674	672	650	652	645	664	681	601	507	475	371
Retained Earnings	3.4%	57.00	55.00	52.00	49.00	54.00	32.00	-19.63	-	-	-8.41	-9.88
Additional Paid-In Capital	0.1%	654	653	611	610	593	632	-	-	-	-	-
Shares Outstanding	-2.2%	130	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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2019Q4
Cashflow From Operations	-23.9%	68,656	90,175	57,032	74,186	81,474	95,033	114,046	81,246	56,064	89,281	-	-	-	-	-
Share Based Compensation	46.7%	512	349	379	375	1,059	-	-	-	-	-	-	-	-	-	-
Cashflow From Investing	-1.2%	-71,005	-70,171	-74,696	-81,883	-129,926	-55,499	-70,825	-60,383	-43,855	-61,238	-	-	-	-	-
Cashflow From Financing	180.9%	12,701	-15,691	9,288	11,260	8,549	-25,832	-52,700	6,000	-4,316	-35,585	-	-	-	-	-
Dividend Payments	-	-	-	14,809	14,623	14,640	10,664	-	-	-	-	-	-	-	-	-
Buy Backs	-100.0%	-	23,588	5,908	-	-	216	-	-	-	-	-	-	-	-	-

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GRNT Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Oil and natural gas sales	$ 88,996	$ 91,310
Operating costs and expenses:
Lease operating expenses	15,479	13,772
Production and ad valorem taxes	5,749	5,717
Depletion and accretion expense	40,941	33,852
Impairments of unproved properties	732	0
General and administrative expense	6,492	8,579
Total operating costs and expenses	69,393	61,920
Net operating income	19,603	29,390
Other income (expense):
Gain (loss) on derivatives - commodity derivatives	(3,161)	13,323
Interest expense	(3,159)	(339)
Gain on derivatives - common stock warrants	0	5,278
Gain on equity investments	7,779	0
Other	2	0
Total other income	1,461	18,262
Income before income taxes	21,064	47,652
Income tax expense	4,837	10,786
Net income	$ 16,227	$ 36,866
Net income per share:
Basic (in dollars per share)	$ 0.12	$ 0.28
Diluted (in dollars per share)	$ 0.12	$ 0.28
Weighted-average number of shares outstanding:
Weighted average common shares outstanding – basic (in shares)	130,136	133,002
Weighted average common shares outstanding – diluted (in shares)	130,160	133,002

GRNT Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash	$ 20,782	$ 10,430
Revenue receivable	64,831	72,934
Advances to operators	15,207	4,928
Prepaid and other expenses	2,737	1,716
Derivative assets - commodity derivatives	7,094	11,117
Equity investments	58,207	50,427
Total current assets	168,858	151,552
Property and equipment:
Oil and gas properties, successful efforts method	1,301,346	1,236,683
Accumulated depletion	(508,307)	(467,141)
Total property and equipment, net	793,039	769,542
Long-term assets:
Derivative assets - commodity derivatives	0	1,189
Other long-term assets	4,785	4,821
Total long-term assets	4,785	6,010
Total assets	966,682	927,104
Current liabilities:
Accrued expenses	62,028	60,875
Other liabilities	4,081	1,204
Total current liabilities	66,109	62,079
Long-term liabilities:
Long-term debt	137,500	110,000
Derivative liabilities - commodity derivatives	657	0
Asset retirement obligations	9,589	9,391
Deferred tax liability	78,809	73,989
Total long-term liabilities	226,555	193,380
Total liabilities	292,664	255,459
Stockholders' Equity:
Common stock, $0.0001 par value, 431,000,000 shares authorized, 136,424,207 and 136,040,777 issued at March 31, 2024 and December 31, 2023, respectively	14	14
Additional paid-in capital	653,686	653,174
Retained earnings	56,660	54,782
Treasury stock, at cost, 5,680,255 and 5,677,627 shares at March 31, 2024 and December 31, 2023, respectively	(36,342)	(36,325)
Total stockholders' equity	674,018	671,645
Total liabilities and stockholders' equity	$ 966,682	$ 927,104

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 Fri May 17 2024, market cap of Granite Ridge Resources, Inc. is 845.91 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 Fri May 17 2024, GRNT's PE ratio (Price to Earnings) is 13.99 and Price to Sales (PS) ratio is 2.16. 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.