Roth Capital Brokers Lower Earnings Estimates for GRNT

Granite Ridge Resources, Inc. (NYSE:GRNT) – Investment analysts at Roth Capital dropped their Q1 2025 earnings per share (EPS) estimates for shares of Granite Ridge Resources in a report issued on Wednesday, April 2nd. Roth Capital analyst J. White now expects that the company will post earnings of $0.19 per share for the quarter, down from their prior forecast of $0.23. The consensus estimate for Granite Ridge Resources’ current full-year earnings is $0.52 per share. Roth Capital also issued estimates for Granite Ridge Resources’ Q2 2025 earnings at $0.17 EPS, Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.23 EPS and FY2025 earnings at $0.77 EPS.

Several other analysts also recently commented on GRNT. Stephens reaffirmed an “overweight” rating and set a $8.00 price objective on shares of Granite Ridge Resources in a research report on Friday, March 7th. Capital One Financial cut shares of Granite Ridge Resources from an “overweight” rating to an “equal weight” rating in a report on Friday, February 21st. Three 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $7.70.

Granite Ridge Resources Trading Down 3.4 %

Shares of GRNT stock opened at $4.72 on Monday. Granite Ridge Resources has a fifty-two week low of $4.52 and a fifty-two week high of $7.10. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a 50 day simple moving average of $5.90 and a two-hundred day simple moving average of $6.15. The company has a market cap of $617.96 million, a P/E ratio of 13.12, a PEG ratio of 1.29 and a beta of 0.20.

Institutional Trading of Granite Ridge Resources

Several hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. raised its holdings in Granite Ridge Resources by 18.0% during the fourth quarter. Victory Capital Management Inc. now owns 17,889 shares of the company’s stock worth $116,000 after buying an additional 2,735 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Granite Ridge Resources by 16.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,599 shares of the company’s stock worth $127,000 after acquiring an additional 2,759 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Granite Ridge Resources by 5.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,135 shares of the company’s stock valued at $388,000 after acquiring an additional 3,272 shares in the last quarter. Parallel Advisors LLC boosted its stake in Granite Ridge Resources by 222.4% during the 1st quarter. Parallel Advisors LLC now owns 8,722 shares of the company’s stock valued at $53,000 after purchasing an additional 6,017 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Granite Ridge Resources by 892.9% during the 1st quarter. GAMMA Investing LLC now owns 7,089 shares of the company’s stock worth $43,000 after purchasing an additional 6,375 shares in the last quarter. Institutional investors and hedge funds own 31.56% of the company’s stock.

Granite Ridge Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 9.31%. The ex-dividend date of this dividend was Friday, February 28th. Granite Ridge Resources’s dividend payout ratio 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.