12 Month Price Forecast For GRNT
Distance to GRNT Price Forecasts
GRNT Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: February 7, 2025 9:33 PM UTC
GRNT Analyst Ratings & Price Targets
Based on our analysis of 5 Wall Street analysts, GRNT has a consensus that is bullish. The median price target is $7.00, with forecasts ranging from $7.00 to $8.80. Currently, there are 3 Buy ratings, 2 Hold ratings, and 0 Sell ratings.
With GRNT currently trading at $6.13, the median price forecast suggests a 14.2% upside. The most optimistic forecast comes from John White at Roth MKM, projecting a 43.6% upside, while Stephen Richardson at Evercore ISI Group provides the most conservative target, suggesting a 14.2% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
GRNT Analyst Consensus
GRNT Price Target Range
Latest GRNT Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for GRNT.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Sep 30, 2024 | Evercore ISI Group | Stephen Richardson | In-Line | Maintains | $7.00 |
Jun 14, 2024 | B of A Securities | Noah Hungness | Neutral | Reiterates | $7.00 |
May 15, 2024 | Roth MKM | John White | Buy | Initiates | $8.80 |
Apr 29, 2024 | Evercore ISI Group | Stephen Richardson | In-Line | Initiates | $8.00 |
Nov 7, 2023 | B of A Securities | John Abbott | Buy | Initiates | $9.00 |
Sep 27, 2023 | Stephens & Co. | Mike Scialla | Overweight | Initiates | $0.00 |
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The following stocks are similar to Granite Ridge based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Granite Ridge Resources, Inc. (GRNT) Financial Data
Granite Ridge Resources, Inc. has a market capitalization of $811.92M with a P/E ratio of 17.3x. The company generates $358.52M in trailing twelve-month revenue with a 13.4% profit margin.
Revenue growth is -12.4% quarter-over-quarter, while maintaining an operating margin of +41.1% and return on equity of +7.3%.
Valuation Metrics
Growth & Margins
Financial Health
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Granite Ridge Resources, Inc. (GRNT) Company Overview
About Granite Ridge Resources, Inc.
Non-operated oil and gas exploration company.
The company generates revenue by owning a diverse portfolio of oil and gas wells and acreage, primarily in the Permian Basin and other unconventional areas in the U.S. It operates as a non-operated entity, meaning it partners with operators to explore and produce resources without directly managing the operations, allowing it to focus on asset management and strategic investments.
Granite Ridge Resources is based in Dallas, Texas, and benefits from the growing demand for energy resources in the U.S. market, making it an appealing option for investors looking to capitalize on the oil and gas sector.
Company Information
Sector
Energy
Industry
Oil & Gas E&P
Employees
2
CEO
Mr. Luke C. Brandenberg
Country
United States
IPO Year
2022
Website
www.graniteridge.comGranite Ridge Resources, Inc. (GRNT) Latest News & Analysis
Asure Software, Granite Ridge Resources, and Priority Technology Holdings have been identified as today's breakout stocks.
Breakout stocks indicate strong potential for price increases, signaling opportunities for gains. Monitoring these can inform investment strategies and portfolio adjustments.
Exclusive: Northern Oil and Gas in bid to acquire smaller rival Granite Ridge, sources say
1 month agoNorthern Oil and Gas has proposed an acquisition of Granite Ridge Resources, a smaller U.S. producer active in the Permian and Eagle Ford basins.
Northern Oil and Gas' acquisition of Granite Ridge Resources could enhance its resource base and operational efficiency, impacting growth potential and market competitiveness.
Granite Ridge anticipates mid-teens production growth in 2025, with over 20% in oil. 2025 capex is expected to be lower than 2024 due to prior spending driving growth.
Granite Ridge's projected production growth and lower capex suggest improved profitability and operational efficiency, potentially boosting investor confidence and stock performance.
Granite Ridge Resources, Inc. (NYSE: GRNT) will hold its Q3 2024 earnings conference call on November 8, 2024, at 11:00 AM ET. Key executives will present, with analysts participating.
Granite Ridge Resources' Q3 earnings call signals key financial insights and performance metrics, impacting stock valuations and investor sentiment.
Granite Ridge Resources, Inc. Reports Third-Quarter 2024ย Results and Declares Quarterly Cash Dividend
3 months agoGranite Ridge Resources, Inc. reported Q3 2024 results: average production of 25,177 Boe/day, net income of $9.1M ($0.07/share), and adjusted net income of $18.5M ($0.14/share).
Granite Ridge's strong production figures and positive earnings indicate robust operational performance, potentially enhancing investor confidence and driving stock value.
Granite Ridge Resources, Inc. (GRNT) reported Q3 earnings of $0.14 per share, surpassing estimates of $0.13, but down from $0.21 per share year-over-year.
Granite Ridge's earnings beat expectations, indicating strong performance despite a year-over-year decline, which may impact investor sentiment and stock valuation.
Frequently Asked Questions About GRNT Stock
What is Granite Ridge Resources, Inc.'s (GRNT) stock forecast for 2025?
Based on our analysis of 5 Wall Street analysts, Granite Ridge Resources, Inc. (GRNT) has a median price target of $7.00. The highest price target is $8.80 and the lowest is $7.00.
Is GRNT stock a good investment in 2025?
According to current analyst ratings, GRNT has 3 Buy ratings, 2 Hold ratings, and 0 Sell ratings. The stock is currently trading at $6.13. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for GRNT stock?
Wall Street analysts predict GRNT stock could reach $7.00 in the next 12 months. This represents a 14.2% increase from the current price of $6.13. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Granite Ridge Resources, Inc.'s business model?
The company generates revenue by owning a diverse portfolio of oil and gas wells and acreage, primarily in the Permian Basin and other unconventional areas in the U.S. It operates as a non-operated entity, meaning it partners with operators to explore and produce resources without directly managing the operations, allowing it to focus on asset management and strategic investments.
What is the highest forecasted price for GRNT Granite Ridge Resources, Inc.?
The highest price target for GRNT is $8.80 from John White at Roth MKM, which represents a 43.6% increase from the current price of $6.13.
What is the lowest forecasted price for GRNT Granite Ridge Resources, Inc.?
The lowest price target for GRNT is $7.00 from Stephen Richardson at Evercore ISI Group, which represents a 14.2% increase from the current price of $6.13.
What is the overall GRNT consensus from analysts for Granite Ridge Resources, Inc.?
The overall analyst consensus for GRNT is bullish. Out of 5 Wall Street analysts, 3 rate it as Buy, 2 as Hold, and 0 as Sell, with a median price target of $7.00.
How accurate are GRNT stock price projections?
Stock price projections, including those for Granite Ridge Resources, Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.