Q1 EPS Estimates for GRNT Lifted by Capital One Financial

Granite Ridge Resources, Inc. (NYSE:GRNT) – Stock analysts at Capital One Financial lifted their Q1 2025 earnings per share estimates for shares of Granite Ridge Resources in a research note issued on Tuesday, March 25th. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings of $0.18 per share for the quarter, up from their previous estimate of $0.14. Capital One Financial has a “Equal Weight” rating on the stock. The consensus estimate for Granite Ridge Resources’ current full-year earnings is $0.52 per share. Capital One Financial also issued estimates for Granite Ridge Resources’ Q2 2025 earnings at $0.17 EPS, Q3 2025 earnings at $0.18 EPS, Q4 2025 earnings at $0.18 EPS and FY2025 earnings at $0.71 EPS.

Separately, Stephens reaffirmed an “overweight” rating and set a $8.00 price target on shares of Granite Ridge Resources in a research report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Granite Ridge Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.70.

Granite Ridge Resources Stock Up 0.8 %

Granite Ridge Resources stock opened at $6.13 on Wednesday. The firm has a 50 day moving average price of $6.12 and a two-hundred day moving average price of $6.20. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.56 and a current ratio of 1.56. Granite Ridge Resources has a 52-week low of $5.27 and a 52-week high of $7.10. The firm has a market cap of $801.88 million, a price-to-earnings ratio of 17.03, a PEG ratio of 1.29 and a beta of 0.23.

Institutional Trading of Granite Ridge Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of GRNT. BCK Capital Management LP bought a new stake in shares of Granite Ridge Resources in the 4th quarter worth $191,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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 worth $388,000 after purchasing an additional 3,272 shares in the last quarter. Two Sigma Advisers LP grew its position in Granite Ridge Resources by 67.0% in the 4th quarter. Two Sigma Advisers LP now owns 143,800 shares of the company’s stock worth $929,000 after purchasing an additional 57,700 shares in the last quarter. Silvercrest Asset Management Group LLC bought a new position in shares of Granite Ridge Resources during the 4th quarter worth approximately $2,251,000. Finally, ProShare Advisors LLC purchased a new position in shares of Granite Ridge Resources in the 4th quarter worth approximately $96,000. Institutional investors own 31.56% of the company’s stock.

Granite Ridge Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.44 dividend on an annualized basis and a yield of 7.18%. Granite Ridge Resources’s dividend payout ratio (DPR) is presently 314.29%.

Granite Ridge Resources Company Profile

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.