Q1 EPS Estimates for GRNT Increased by Capital One Financial

Granite Ridge Resources, Inc. (NYSE:GRNT) – Equities researchers at Capital One Financial lifted their Q1 2025 EPS estimates for Granite Ridge Resources in a research note issued to investors on Wednesday, January 8th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings of $0.14 per share for the quarter, up from their prior forecast of $0.10. The consensus estimate for Granite Ridge Resources’ current full-year earnings is $0.54 per share. Capital One Financial also issued estimates for Granite Ridge Resources’ Q2 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.15 EPS, Q4 2025 earnings at $0.15 EPS and FY2026 earnings at $0.63 EPS.

Separately, Evercore ISI lowered their price objective on Granite Ridge Resources from $8.00 to $7.00 and set an “in-line” rating on the stock in a research note on Monday, September 30th.

Granite Ridge Resources Price Performance

NYSE:GRNT opened at $6.79 on Friday. Granite Ridge Resources has a 52 week low of $5.20 and a 52 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 company has a market capitalization of $887.72 million, a price-to-earnings ratio of 18.86, a PEG ratio of 1.61 and a beta of 0.23. The company has a 50-day moving average of $6.33 and a 200-day moving average of $6.32.

Granite Ridge Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 6.48%. The ex-dividend date of this dividend was Friday, November 29th. Granite Ridge Resources’s payout ratio is presently 122.23%.

Insider Activity

In other Granite Ridge Resources news, Director Matthew Reade Miller purchased 18,173 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were bought at an average price of $6.49 per share, with a total value of $117,942.77. Following the completion of the transaction, the director now directly owns 711,164 shares in the company, valued at $4,615,454.36. This trade represents a 2.62 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Tyler Farquharson purchased 5,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was bought at an average cost of $6.55 per share, for a total transaction of $32,750.00. Following the purchase, the chief financial officer now owns 86,723 shares of the company’s stock, valued at approximately $568,035.65. This represents a 6.12 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 83,174 shares of company stock valued at $520,493 over the last three months. 1.90% of the stock is owned by insiders.

Institutional Trading of Granite Ridge Resources

A number of institutional investors have recently modified their holdings of GRNT. Ground Swell Capital LLC acquired a new stake in shares of Granite Ridge Resources in the third quarter valued at about $66,000. The Manufacturers Life Insurance Company raised its stake in Granite Ridge Resources by 52.3% in the second quarter. The Manufacturers Life Insurance Company now owns 23,206 shares of the company’s stock valued at $147,000 after buying an additional 7,965 shares during the period. SG Americas Securities LLC lifted its holdings in Granite Ridge Resources by 155.7% during the 3rd quarter. SG Americas Securities LLC now owns 26,335 shares of the company’s stock valued at $156,000 after purchasing an additional 16,037 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Granite Ridge Resources by 17.2% in the second quarter. Principal Financial Group Inc. now owns 27,072 shares of the company’s stock valued at $171,000 after purchasing an additional 3,980 shares during the last quarter. Finally, PDT Partners LLC bought a new position in Granite Ridge Resources in the 3rd quarter valued at about $281,000. 31.56% of the stock is currently owned by institutional investors.

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.