Granite Ridge Resources (NYSE:GRNT) Upgraded at Wall Street Zen

Granite Ridge Resources (NYSE:GRNT) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday, Wall Street Zen reports.

Several other brokerages have also recently commented on GRNT. Freedom Capital raised Granite Ridge Resources from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Granite Ridge Resources in a report on Wednesday, August 19th. Zacks Research upgraded shares of Granite Ridge Resources from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 20th. Finally, Northland Securities set a $11.00 target price on shares of Granite Ridge Resources in a report on Tuesday, October 20th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Granite Ridge Resources presently has a consensus rating of “Moderate Buy” and an average price target of $11.00.

Granite Ridge Resources Price Performance

Shares of NYSE GRNT opened at $5.27 on Friday. The firm has a market capitalization of $695.38 million, a PE ratio of -13.18 and a beta of 0.19. Granite Ridge Resources has a 1-year low of $4.18 and a 1-year high of $6.14. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.02 and a quick ratio of 1.02. The business’s fifty day moving average price is $5.03 and its two-hundred day moving average price is $5.07.

Granite Ridge Resources (NYSE:GRNT) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. Granite Ridge Resources had a negative net margin of 5.56% and a positive return on equity of 4.67%. The firm had revenue of $177.21 million during the quarter, compared to the consensus estimate of $156.24 million. On average, research analysts expect that Granite Ridge Resources will post 0.47 EPS for the current year.

Insider Activity

In other Granite Ridge Resources news, Director Matthew Miller purchased 10,000 shares of Granite Ridge Resources stock in a transaction dated Friday, September 11th. The shares were purchased at an average cost of $5.03 per share, for a total transaction of $50,300.00. Following the completion of the acquisition, the director owned 1,974,292 shares in the company, valued at $9,930,688.76. This represents a 0.51% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John McCartney acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was purchased at an average price of $5.04 per share, for a total transaction of $25,200.00. Following the acquisition, the director directly owned 154,143 shares in the company, valued at approximately $776,880.72. This trade represents a 3.35% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 24,000 shares of company stock valued at $120,800 over the last ninety days. 8.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GRNT. Squarepoint Ops LLC bought a new position in Granite Ridge Resources in the 2nd quarter valued at about $1,329,000. BlackRock Inc. purchased a new stake in Granite Ridge Resources in the 2nd quarter valued at $21,910,000. Bank of New York Mellon Corp acquired a new stake in Granite Ridge Resources in the second quarter valued at about $4,162,000. Dimensional Fund Advisors LP lifted its holdings in Granite Ridge Resources by 15.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,306,999 shares of the company’s stock worth $19,414,000 after buying an additional 448,066 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Granite Ridge Resources during the 1st quarter worth about $6,624,000. 31.56% of the stock is currently owned by institutional investors and hedge funds.

Granite Ridge Resources News Summary

Here are the key news stories impacting Granite Ridge Resources this week:

• Positive Sentiment: Granite Ridge reported Q3 2026 earnings of $0.17 per share, above analyst estimates, while revenue of $177.21 million also exceeded expectations. Earnings rose from $0.09 per share a year earlier. Zacks Q3 earnings article
• Positive Sentiment: Operational and capital-return news adds support: the company said production grew 9%, added a Permian partner, approved a $35 million share buyback, and declared a quarterly dividend of $0.11 per share. Granite Ridge Q3 results and dividend announcement
• Positive Sentiment: Sell-side brokerages collectively rate GRNT “Moderate Buy,” providing a supportive analyst signal. Brokerage rating article
• Negative Sentiment: The quarter’s reported net margin was negative 5.56%, a profitability concern despite the earnings and revenue beats. Granite Ridge financial results

About Granite Ridge Resources

Granite Ridge Resources, Inc (NYSE:GRNT) is an independent oil and natural gas exploration and production company. The company primarily owns interests in upstream properties and focuses on developing and producing crude oil, natural gas and natural gas liquids.

Granite Ridge operates primarily through a non-operated business model, partnering with other exploration and production companies that manage drilling and field operations. Its portfolio includes assets across several major U.S.