Granite Ridge Resources Inc (GRNT)

$5.91

Market is closed - opens 7 PM, 20 Jun 2024

Insights on Granite Ridge Resources Inc

  • Decreasing Revenue

    Revenue is down for the last 3 quarters, 108.40M → 88.99M (in $), with an average decrease of 9.1% per quarter

  • Decreasing Net Profit

    Netprofit is down for the last 3 quarters, 17.95M → 16.22M (in $), with an average decrease of 4.9% per quarter

  • Vs CNQ

    In the last 1 year, Canadian Natural Resources Limited has given 25.2% return, outperforming this stock by 35.4%

  • Vs OXY

    In the last 3 years, Occidental Petroleum Corporation has given 100.2% return, outperforming this stock by 139.5%

Performance

  • $5.91
    $6.02
    $5.91
    downward going graph

    0.0%

    Downside

    Day's Volatility :1.83%

    Upside

    1.83%

    downward going graph
  • $5.02
    $7.66
    $5.91
    downward going graph

    15.06%

    Downside

    52 Weeks Volatility :34.46%

    Upside

    22.85%

    downward going graph

Returns

PeriodGranite Ridge Resources IncIndex (Russel 2000)
3 Months
-6.04%
0.0%
6 Months
-4.83%
0.0%
1 Year
-12.31%
0.0%
3 Years
-39.2%
-20.9%

Highlights

Market Capitalization
764.9M
Book Value
$5.16
Dividend Share
0.44
Dividend Yield
7.52%
Earnings Per Share (EPS)
0.45
PE Ratio
13.0
Wall Street Target Price
8.2
Profit Margin
16.44%
Operating Margin TTM
20.28%
Return On Assets TTM
8.03%
Return On Equity TTM
9.17%
Revenue TTM
367.7M
Revenue Per Share TTM
2.78
Quarterly Revenue Growth YOY
-1.7999999999999998%
Gross Profit TTM
422.1M
EBITDA
284.8M
Diluted Eps TTM
0.45
Quarterly Earnings Growth YOY
-0.57
EPS Estimate Current Year
0.65
EPS Estimate Next Year
0.77
EPS Estimate Current Quarter
0.1
EPS Estimate Next Quarter
0.15

Analyst Recommendation

Buy
    87%Buy
    12%Hold
    0
    0%Sell
Based on 8 Wall street analysts offering stock ratings for Granite Ridge Resources Inc(by analysts ranked 0 to 5 stars)
Based on 8 analyst
  • Current
  • 1M Ago
  • 3M Ago
Buy
7
8
8
Hold
1
1
1
Sell
00
00
00

Analyst Forecast

What analysts predicted

Upside of 38.75%

Current $5.91
Target $8.20

Company Financials

FY19Y/Y Change
Revenue
13.4M
-
Net Income
3.6M
-
Net Profit Margin
27.08%
-
FY20Y/Y Change
Revenue
81.1M
↑ 503.4%
Net Income
-25.8M
↓ 808.06%
Net Profit Margin
-31.78%
↓ 58.86%
FY21Y/Y Change
Revenue
273.1M
↑ 236.74%
Net Income
3.8M
↓ 114.61%
Net Profit Margin
1.38%
↑ 33.16%
FY22Y/Y Change
Revenue
470.5M
↑ 72.29%
Net Income
262.3M
↑ 6867.92%
Net Profit Margin
55.76%
↑ 54.38%
FY23Y/Y Change
Revenue
394.1M
↓ 16.25%
Net Income
81.1M
↓ 69.09%
Net Profit Margin
20.58%
↓ 35.18%
Q4 FY22Q/Q Change
Revenue
207.3M
↑ 129.79%
Net Income
56.6M
↑ 50.58%
Net Profit Margin
27.32%
↓ 14.37%
Q1 FY23Q/Q Change
Revenue
86.2M
↓ 58.4%
Net Income
36.9M
↓ 34.89%
Net Profit Margin
42.76%
↑ 15.44%
Q2 FY23Q/Q Change
Revenue
81.9M
↓ 5.05%
Net Income
8.7M
↓ 76.3%
Net Profit Margin
10.67%
↓ 32.09%
Q3 FY23Q/Q Change
Revenue
108.4M
↑ 32.43%
Net Income
18.0M
↑ 105.53%
Net Profit Margin
16.56%
↑ 5.89%
Q4 FY23Q/Q Change
Revenue
106.8M
↓ 1.48%
Net Income
17.5M
↓ 2.33%
Net Profit Margin
16.42%
↓ 0.14%
Q1 FY24Q/Q Change
Revenue
89.0M
↓ 16.67%
Net Income
16.2M
↓ 7.48%
Net Profit Margin
18.23%
↑ 1.81%
FY20Y/Y Change
Total Assets
40.8M
-
Total Liabilities
7.6M
-
FY21Y/Y Change
Total Assets
17.0M
↓ 58.32%
Total Liabilities
2.0M
↓ 73.26%
FY22Y/Y Change
Total Assets
794.8M
↑ 4575.32%
Total Liabilities
172.4M
↑ 8412.4%
FY23Y/Y Change
Total Assets
944.8M
↑ 18.87%
Total Liabilities
273.1M
↑ 58.46%
Q4 FY22Q/Q Change
Total Assets
794.8M
↑ 61.47%
Total Liabilities
172.4M
↑ 543.69%
Q1 FY23Q/Q Change
Total Assets
856.1M
↑ 7.71%
Total Liabilities
211.0M
↑ 22.42%
Q2 FY23Q/Q Change
Total Assets
873.3M
↑ 2.02%
Total Liabilities
221.0M
↑ 4.73%
Q3 FY23Q/Q Change
Total Assets
920.6M
↑ 5.41%
Total Liabilities
270.4M
↑ 22.36%
Q4 FY23Q/Q Change
Total Assets
944.8M
↑ 2.62%
Total Liabilities
273.1M
↑ 1.0%
Q1 FY24Q/Q Change
Total Assets
966.7M
↑ 2.32%
Total Liabilities
292.7M
↑ 7.15%
FY20Y/Y Change
Operating Cash Flow
66.8M
↑ 939.56%
Investing Cash Flow
-80.9M
-
Financing Cash Flow
52.1M
↓ 493.26%
FY21Y/Y Change
Operating Cash Flow
5.5M
↓ 91.81%
Investing Cash Flow
-194.0M
↑ 139.91%
Financing Cash Flow
-27.3M
↓ 152.43%
FY22Y/Y Change
Operating Cash Flow
346.4M
↑ 6228.21%
Investing Cash Flow
-230.6M
↑ 18.84%
Financing Cash Flow
-76.8M
↑ 181.49%
Q4 FY22Q/Q Change
Operating Cash Flow
346.4K
↓ 99.86%
Investing Cash Flow
-79.9M
↑ 22.94%
Financing Cash Flow
-76.8K
↓ 99.85%
Q1 FY23Q/Q Change
Operating Cash Flow
81.5M
↑ 23420.95%
Investing Cash Flow
-129.9M
↑ 62.6%
Financing Cash Flow
8.5M
↓ 11224.56%
Q2 FY23Q/Q Change
Operating Cash Flow
74.2M
↓ 8.95%
Investing Cash Flow
-81.9M
↓ 36.98%
Financing Cash Flow
11.3M
↑ 31.71%
Q3 FY23Q/Q Change
Operating Cash Flow
57.0M
↓ 23.12%
Investing Cash Flow
-74.7M
↓ 8.78%
Financing Cash Flow
9.3M
↓ 17.51%

Technicals Summary

Sell

Neutral

Buy

Granite Ridge Resources Inc is currently not in a favorable trading position ( SELL ) according to technical analysis indicators.

Peers

Company Name1 Month6 Month1 Year3 Years5 Years
Granite Ridge Resources Inc
Granite Ridge Resources Inc
-10.73%
-4.83%
-12.31%
-39.2%
-40.48%
Canadian Natural Resources Limited
Canadian Natural Resources Limited
-10.85%
7.07%
29.16%
89.54%
155.11%
Conocophillips
Conocophillips
-9.5%
-6.08%
7.23%
80.99%
83.42%
Eog Resources, Inc.
Eog Resources, Inc.
-7.98%
-2.47%
8.31%
40.6%
34.8%
Occidental Petroleum Corporation
Occidental Petroleum Corporation
-3.63%
1.59%
7.04%
107.66%
21.79%
Company NameP/E RatioP/B RatioPEG RatioEPSROEROADiv YieldBVPS
Granite Ridge Resources Inc
Granite Ridge Resources Inc
13.0
13.0
NA
0.65
0.09
0.08
0.08
5.16
Canadian Natural Resources Limited
Canadian Natural Resources Limited
13.81
13.81
12.75
2.66
0.19
0.08
0.05
18.46
Conocophillips
Conocophillips
12.39
12.39
0.72
8.83
0.22
0.11
0.03
42.18
Eog Resources, Inc.
Eog Resources, Inc.
9.41
9.41
2.61
11.97
0.27
0.14
0.03
49.83
Occidental Petroleum Corporation
Occidental Petroleum Corporation
17.4
17.4
2.63
3.79
0.14
0.04
0.01
25.4
Company NameAnalyst ViewMarket Cap5 Years Return %PE RatioProfit Margin
Granite Ridge Resources Inc
Granite Ridge Resources Inc
Buy
$764.9M
-40.48%
13.0
16.44%
Canadian Natural Resources Limited
Canadian Natural Resources Limited
Buy
$72.6B
155.11%
13.81
20.86%
Conocophillips
Conocophillips
Buy
$127.4B
83.42%
12.39
18.63%
Eog Resources, Inc.
Eog Resources, Inc.
Buy
$68.4B
34.8%
9.41
31.27%
Occidental Petroleum Corporation
Occidental Petroleum Corporation
Hold
$53.4B
21.79%
17.4
16.0%

Institutional Holdings

  • Hamilton Lane Advisors LLC

    6.43%
  • Spider Management Company LLC

    4.23%
  • Utah Retirement Systems

    4.01%
  • Georgetown University

    2.01%
  • BlackRock Inc

    1.62%
  • Northwestern University

    1.43%

Company Information

granite ridge is a premier, non-operated oil & gas exploration and production company. we invest in a diversified portfolio of production and top-tier acreage across the permian and four other prolific us basins in partnership with proven operators. we create value by generating sustainable full-cycle risk adjusted returns for investors, offering a rewarding experience for our team, and delivering reliable energy solutions to all – safely and responsibly.

Organization
Granite Ridge Resources Inc
Employees
2
CEO
Mr. Luke C. Brandenberg
Industry
Financial

FAQs