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Granite Ridge Resources

Granite Ridge Resources share price today

(GRNT)

Granite Ridge Resources share price is $6.1 & ₹517.04 as on 14 Dec 2024, 2.30 'hrs' IST

$6.1

▲

-0.04

(-0.65%)

Market is closed - opens 8 PM, 16 Dec 2024

View live Granite Ridge Resources share price in Dollar and Rupees. Guide to invest in Granite Ridge Resources from India. Also see the sentimental analysis on Indian investors investing in Granite Ridge Resources. Get details on the Indian mutual funds that are investing in Granite Ridge Resources. Get Analyst recommendations and forecasts along with all the Granite Ridge Resources's financials.

Granite Ridge Resources share price movements

$6.04
$6.17
$6.10
1.07%
Downside
Day's Volatility :2.11%
Upside
1.05%
$5.20
$7.10
$6.10
14.75%
Downside
52 Weeks Volatility :26.76%
Upside
14.08%

Granite Ridge Resources Returns

Period	Granite Ridge Resources Inc	Index (Russel 2000)
3 Months	-1.29%	0.0%
6 Months	3.89%	0.0%
1 Year	-0.49%	0.0%
3 Years	-37.35%	-18.9%

Granite Ridge Resources Key Statistics

in dollars & INR

Previous Close	$6.14
Open	$6.16
Today's High	$6.165
Today's Low	$6.035
Market Capitalization	$801.5M
Today's Volume	$542.2K
52 Week High	$7.1
52 Week Low	$5.2
Revenue TTM	$358.5M
EBITDA	$299.4M
Earnings Per Share (EPS)	$0.36
PE Ratio	17.03
Dividend Yield	7.18%
Profit Margin	13.37%
Quarterly Earnings Growth YOY	-0.47%
Return On Equity TTM	7.31%

How to invest in Granite Ridge Resources from India?

It is very easy for Indian residents to invest directly in Granite Ridge Resources from India. Indian investors can open a free US stocks account on the INDmoney app. You can find live prices of the Granite Ridge Resources stock in both rupees (INR) and dollars (USD). Search for Granite Ridge Resources or GRNT on INDmoney app and click on Buy or SIP. You can invest by choosing quantities of shares of Granite Ridge Resources or Rupee/ Dollar value or set up a fixed SIP amount to be invested every month or week.

For example: You can easily buy Rs.100 worth of Granite Ridge Resources shares which would translate to 0.139 fractional shares of Granite Ridge Resources as of today. Learn more about fractional investing here.

Indians via INDmoney can now also, easily transfer and add their money to the US stocks account via INDmoney App. Click here for step by step process for the same

Indian investors sentiment towards Granite Ridge Resources

140%

Period: Sep 14, 2024 to Dec 13, 2024. Change in 30 Days versus previous period

Search volume for Granite Ridge Resources on INDmoney from India has grown in the last 30 days as on Dec 14, 2024. 140% more investors are searching Granite Ridge Resources in the last 30 days versus the previous period.

Global Institutional Holdings in Granite Ridge Resources

Hamilton Lane Advisors LLC
6.11%
Utah Retirement Systems
4.01%
Spider Management Company LLC
3.12%
Vanguard Group Inc
2.92%
BlackRock Inc
2.43%
Georgetown University
2.01%

Analyst Recommendation on Granite Ridge Resources

Buy

87%Buy

12%Hold

0%Sell

Based on 8 Wall street analysts offering stock ratings for Granite Ridge Resources(by analysts ranked 0 to 5 stars)

Based on 8 analyst

Current
1M Ago
3M Ago

Buy

Hold

Sell

Analyst Forecast on Granite Ridge Resources

What analysts predicted

Upside of 23.93%

Current:

$6.10

Target:

$7.56

Insights on Granite Ridge Resources

Price Movement
In the last 1 month, GRNT stock has moved down by -6.0%
Increasing Revenue
Revenue is up for the last 3 quarters, 88.99M → 94.07M (in $), with an average increase of 2.7% per quarter
Increasing Net Profit
Netprofit is up for the last 2 quarters, 5.10M → 9.05M (in $), with an average increase of 43.7% per quarter
GRNT vs FANG (1 yr)
In the last 1 year, Diamondback Energy, Inc. has given 8.5% return, outperforming this stock by 7.8%
GRNT vs CNQ (3 yr)
In the last 3 years, Canadian Natural Resources Limited has given 52.2% return, outperforming this stock by 89.7%
Price to Sales
ForGRNT every $1 of sales, investors are willing to pay $2.2, whereas for Diamondback Energy, Inc., the investors are paying $3.3 for every $1 of sales.

Granite Ridge Resources Financials in INR & Dollars

	FY19	Y/Y Change
Revenue	$13.4M	-
Net Income	$3.6M	-
Net Profit Margin	27.08%	-

	FY20	Y/Y Change
Revenue	$81.1M	↑ 503.4%
Net Income	$-25.8M	↓ 808.06%
Net Profit Margin	-31.78%	↓ 58.86%

	FY21	Y/Y Change
Revenue	$273.1M	↑ 236.74%
Net Income	$3.8M	↓ 114.61%
Net Profit Margin	1.38%	↑ 33.16%

	FY22	Y/Y Change
Revenue	$470.5M	↑ 72.29%
Net Income	$262.3M	↑ 6867.92%
Net Profit Margin	55.76%	↑ 54.38%

	FY23	Y/Y Change
Revenue	$394.1M	↓ 16.25%
Net Income	$81.1M	↓ 69.09%
Net Profit Margin	20.58%	↓ 35.18%

	Q2 FY23	Q/Q Change
Revenue	$81.9M	↓ 5.05%
Net Income	$8.7M	↓ 76.3%
Net Profit Margin	10.67%	↓ 32.09%

	Q3 FY23	Q/Q Change
Revenue	$108.4M	↑ 32.43%
Net Income	$18.0M	↑ 105.53%
Net Profit Margin	16.56%	↑ 5.89%

	Q4 FY23	Q/Q Change
Revenue	$106.8M	↓ 1.48%
Net Income	$17.5M	↓ 2.33%
Net Profit Margin	16.42%	↓ 0.14%

	Q1 FY24	Q/Q Change
Revenue	$89.0M	↓ 16.67%
Net Income	$16.2M	↓ 7.48%
Net Profit Margin	18.23%	↑ 1.81%

	Q2 FY24	Q/Q Change
Revenue	$90.7M	↑ 1.86%
Net Income	$5.1M	↓ 68.56%
Net Profit Margin	5.63%	↓ 12.6%

	Q3 FY24	Q/Q Change
Revenue	$94.1M	↑ 3.78%
Net Income	$9.1M	↑ 77.49%
Net Profit Margin	9.62%	↑ 3.99%

	FY19	Y/Y Change
Profit	$9.6M	-

	FY20	Y/Y Change
Profit	$60.0M	↑ 525.67%

	FY21	Y/Y Change
Profit	$245.8M	↑ 309.4%

	FY22	Y/Y Change
Profit	$422.1M	↑ 71.74%

	FY23	Y/Y Change
Profit	$145.2M	↓ 65.61%

	Q2 FY23	Q/Q Change
Profit	$66.8M	↓ 6.92%

	Q3 FY23	Q/Q Change
Profit	$83.7M	↑ 25.18%

	Q4 FY23	Q/Q Change
Profit	$35.9M	↓ 57.08%

	Q1 FY24	Q/Q Change
Profit	$26.8M	↓ 25.31%

	Q2 FY24	Q/Q Change
Profit	$28.5M	↑ 6.27%

	Q3 FY24	Q/Q Change
Profit	$87.7M	↑ 207.72%

	FY20	Y/Y Change
Operating Cash Flow	$66.8M	↑ 939.56%
Investing Cash Flow	$-80.9M	-
Financing Cash Flow	$52.1M	↓ 493.26%

	FY21	Y/Y Change
Operating Cash Flow	$5.5M	↓ 91.81%
Investing Cash Flow	$-194.0M	↑ 139.91%
Financing Cash Flow	$-27.3M	↓ 152.43%

	FY22	Y/Y Change
Operating Cash Flow	$346.4M	↑ 6228.21%
Investing Cash Flow	$-230.6M	↑ 18.84%
Financing Cash Flow	$-76.8M	↑ 181.49%

	Q2 FY23	Q/Q Change
Operating Cash Flow	$74.2M	↓ 8.95%
Investing Cash Flow	$-81.9M	↓ 36.98%
Financing Cash Flow	$11.3M	↑ 31.71%

	Q3 FY23	Q/Q Change
Operating Cash Flow	$57.0M	↓ 23.12%
Investing Cash Flow	$-74.7M	↓ 8.78%
Financing Cash Flow	$9.3M	↓ 17.51%

Granite Ridge Resources Technicals Summary

Sell

Neutral

Buy

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

Granite Ridge Resources Vs Peers

Company Name	1 Month	6 Month	1 Year	3 Years	5 Years
Granite Ridge Resources Inc	-7.39%	3.89%	-0.49%	-37.35%	-38.17%
Canadian Natural Resources Limited	-5.07%	-6.03%	1.47%	59.94%	109.95%
Conocophillips	-9.76%	-7.88%	-11.9%	42.71%	60.63%
Diamondback Energy, Inc.	-10.98%	-13.51%	5.96%	56.37%	85.0%
Eog Resources, Inc.	-5.79%	6.29%	5.38%	49.24%	62.46%

Company Name	P/E Ratio	P/B Ratio	PEG Ratio	EPS	ROE	ROA	Div Yield	BVPS
Granite Ridge Resources Inc	17.03	17.03	NA	0.52	0.07	0.08	0.07	5.05
Canadian Natural Resources Limited	12.71	12.71	12.75	3.49	0.19	0.08	0.05	18.88
Conocophillips	12.11	12.11	8.24	7.73	0.2	0.1	0.03	43.34
Diamondback Energy, Inc.	9.46	9.46	1.2	15.87	0.12	0.06	0.05	127.86
Eog Resources, Inc.	10.3	10.3	66.45	11.52	0.25	0.13	0.03	52.37

Company Name	Analyst View	Market Cap	5 Years Return %	PE Ratio	Profit Margin
Granite Ridge Resources Inc	Buy	$801.5M	-38.17%	17.03	13.37%
Canadian Natural Resources Limited	Buy	$68.7B	109.95%	12.71	21.25%
Conocophillips	Buy	$132.2B	60.63%	12.11	17.47%
Diamondback Energy, Inc.	Buy	$47.9B	85.0%	9.46	35.21%
Eog Resources, Inc.	Buy	$71.7B	62.46%	10.3	29.92%

About Granite Ridge Resources

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
Employees	2
CEO	Mr. Luke C. Brandenberg
Industry	Financial

Management People of Granite Ridge Resources

Name	Title
Mr. Luke C. Brandenberg	President & CEO
Mr. Tyler S. Farquharson	Chief Financial Officer
Ms. Kimberly A. Weimer	Chief Accounting Officer

Important FAQs about investing in Granite Ridge Resources from India :

What is Granite Ridge Resources share price today?

Granite Ridge Resources share price today stands at $6.10, Open: $6.16 ; Previous Close: $6.14 ; High: $6.17 ; Low: $6.04 ; 52 Week High: $7.10 ; 52 Week Low: $5.20. The stock opens at $6.16, after a previous close of $6.14. The stock reached a daily high of $6.17 and a low of $6.04, with a 52-week high of $7.10 and a 52-week low of $5.20.

Can Indians buy Granite Ridge Resources shares?

Yes, Indians can invest in the Granite Ridge Resources (GRNT) from India.

With INDmoney, you can buy Granite Ridge Resources at 0 brokerage. The step-by-step process is as follows:

Open your zero cost US Stocks account and zero balance IND linked savings a/c (this can be done in less than 3 minutes)
Transfer funds to your US Stocks account using your IND linked savings a/c (It takes 24 hours excluding Saturday and Sunday). With INDmoney, you get the best INR USD exchange rates.
Once funds are transferred successfully, you can buy Granite Ridge Resources at zero transaction cost.

How can I buy Granite Ridge Resources shares from India?

It is very easy to buy Granite Ridge Resources from India. With INDmoney, you can open a US stocks account in less than 3 minutes. Transfer funds in 24 hours and buy stocks very easily - that too at 0 brokerage. All this is done at 0 account opening & management fee, 0 brokerages, and at the same time you get the best rupee-US dollar exchange rate.

Can Fractional shares of Granite Ridge Resources be purchased?

Yes, you can buy fractional shares of Granite Ridge Resources with INDmoney app.

What are the documents required to start investing in Granite Ridge Resources stocks?

To start investing in Granite Ridge Resources, You will need the following documents:

Proof of Identification (PAN, Aadhaar etc)
Proof of address (Aadhaar, Voter ID etc)

These documents are required as per RBI's guidelines to create your IND linked savings a/c so that you can execute for global fund transfer. The entire process is paperless and can be completed seamlessly.