granite ridge resources inc. - GRNT
GRNT
Close Chg Chg %
6.53 0.09 1.30%
Open Market
6.61
+0.09 (1.30%)
Volume: 514.17K
Last Updated:
Nov 21, 2024, 2:52 PM EDT
Company Overview: granite ridge resources inc. - GRNT
GRNT Key Data
| Open $6.56 | Day Range 6.51 - 6.72 |
| 52 Week Range 5.20 - 7.10 | Market Cap $852.45M |
| Shares Outstanding 130.74M | Public Float 52.47M |
| Beta 0.17 | Rev. Per Employee N/A |
| P/E Ratio 17.85 | EPS $0.37 |
| Yield 674.85% | Dividend $0.11 |
| EX-DIVIDEND DATE Nov 29, 2024 | SHORT INTEREST N/A |
| AVERAGE VOLUME 428.37K |
GRNT Performance
| 1 Week | 1.87% | ||
| 1 Month | 9.40% | ||
| 3 Months | 0.31% | ||
| 1 Year | 6.89% | ||
| 5 Years | N/A |
GRNT Analyst Ratings
- Sell
- Under
- Hold
- Over
- Buy
Number of Ratings
6
Full Ratings ➔
About granite ridge resources inc. - GRNT
Granite Ridge Resources, Inc. engages in the exploration, development, and production of oil and natural gas. The company was founded on May 9, 2022 and is headquartered in Dallas, TX.
GRNT At a Glance
Granite Ridge Resources, Inc.
5217 McKinney Avenue
Dallas, Texas 75205
| Phone | 1-214-396-2850 | Revenue | 394.07M | |
| Industry | Oil & Gas Production | Net Income | 80.95M | |
| Sector | Energy Minerals | Employees | 2 | |
| Fiscal Year-end | 12 / 2024 | |||
| View SEC Filings |
GRNT Valuation
| P/E Current | 17.848 |
| P/E Ratio (with extraordinary items) | N/A |
| P/E Ratio (without extraordinary items) | 9.90 |
| Price to Sales Ratio | 2.033 |
| Price to Book Ratio | 1.168 |
| Price to Cash Flow Ratio | 2.646 |
| Enterprise Value to EBITDA | 3.06 |
| Enterprise Value to Sales | 2.158 |
| Total Debt to Enterprise Value | 0.129 |
GRNT Efficiency
| Revenue/Employee | 197,034,500.00 |
| Income Per Employee | 40,473,500.00 |
| Receivables Turnover | 5.403 |
| Total Asset Turnover | 0.453 |
GRNT Liquidity
| Current Ratio | 2.441 |
| Quick Ratio | 2.441 |
| Cash Ratio | 0.98 |
GRNT Profitability
| Gross Margin | 36.841 |
| Operating Margin | 29.756 |
| Pretax Margin | 26.793 |
| Net Margin | 20.541 |
| Return on Assets | 9.307 |
| Return on Equity | 12.511 |
| Return on Total Capital | 10.356 |
| Return on Invested Capital | 11.531 |
GRNT Capital Structure
| Total Debt to Total Equity | 16.378 |
| Total Debt to Total Capital | 14.073 |
| Total Debt to Total Assets | 11.643 |
| Long-Term Debt to Equity | 16.378 |
| Long-Term Debt to Total Capital | 14.073 |
- Income Statement
- Balance Sheet
- Cash Flow Statement
Annual Financials for Granite Ridge Resources Inc. - GRNT
Collapse All in section
| All values USD millions. | 2020 | 2021 | 2022 | 2023 | 5-year trend |
|---|---|---|---|---|---|
Sales/Revenue
| - | - | 497.42M | 394.07M | - |
Sales Growth
| - | - | - | -20.78% | - |
Cost of Goods Sold (COGS) incl D&A
| - | - | 181.05M | 248.89M | - |
COGS excluding D&A
| - | - | - | - | - |
Depreciation & Amortization Expense
| - | - | 105.75M | 160.66M | - |
Depreciation
| - | - | 105.75M | 160.66M | - |
Amortization of Intangibles
| - | - | - | - | - |
COGS Growth
| - | - | - | +37.47% | - |
Gross Income
| - | - | 316.37M | 145.18M | - |
Gross Income Growth
| - | - | - | -54.11% | - |
Gross Profit Margin
| - | - | +63.60% | +36.84% | - |
| 2020 | 2021 | 2022 | 2023 | 5-year trend | |
|---|---|---|---|---|---|
SG&A Expense
| 252.98K | 2.20M | 14.22M | 27.92M | |
Research & Development
| - | - | - | - | - |
Other SG&A
| 252.98K | 2.20M | 14.22M | 27.92M | |
SGA Growth
| - | +771.30% | +545.26% | +96.30% | |
Other Operating Expense
| - | - | 104.16K | 159.07K | - |
Unusual Expense
| (2.84M) | (3.79M) | 24.96M | 6.69M | |
EBIT after Unusual Expense
| 2.48M | 1.43M | 277.18M | 110.56M | |
Non Operating Income/Expense
| - | (170.56K) | 41.41K | 332.00K | |
Non-Operating Interest Income
| - | - | 11.57K | 41.41K | - |
Equity in Earnings of Affiliates
| - | - | - | - | - |
Interest Expense
| - | - | 1.99M | 5.32M | - |
Interest Expense Growth
| - | - | - | +167.22% | - |
Gross Interest Expense
| - | - | 1.99M | 5.32M | - |
Interest Capitalized
| - | - | - | - | - |
Pretax Income
| 2.31M | 1.47M | 275.19M | 105.58M | |
Pretax Income Growth
| - | -36.21% | +18,591.04% | -61.63% | |
Pretax Margin
| - | - | +55.32% | +26.79% | - |
Income Tax
| - | - | 12.85M | 24.48M | - |
Income Tax - Current - Domestic
| - | - | - | 209.00K | - |
Income Tax - Current - Foreign
| - | - | - | - | - |
Income Tax - Deferred - Domestic
| - | - | 12.85M | 24.27M | - |
Income Tax - Deferred - Foreign
| - | - | - | - | - |
Income Tax Credits
| - | - | - | - | - |
Equity in Earnings of Affiliates
| - | - | - | - | - |
Other After Tax Income (Expense)
| - | - | - | (152.00K) | - |
Consolidated Net Income
| 2.31M | 1.47M | 262.34M | 80.95M | |
Minority Interest Expense
| - | - | - | - | - |
Net Income
| 2.31M | 1.47M | 262.34M | 80.95M | |
Net Income Growth
| - | -36.21% | +17,718.28% | -69.14% | |
Net Margin Growth
| - | - | +52.74% | +20.54% | - |
Extraordinaries & Discontinued Operations
| - | - | - | - | - |
Discontinued Operations
| - | - | - | - | - |
Net Income After Extraordinaries
| 2.31M | 1.47M | 262.34M | 80.95M | |
Preferred Dividends
| - | - | - | - | - |
Net Income Available to Common
| 2.31M | 1.47M | 262.34M | 80.95M | |
EPS (Basic)
| 0.052 | 0.0341 | 1.9736 | 0.6082 | |
EPS (Basic) Growth
| - | -34.42% | +5,687.68% | -69.18% | |
Basic Shares Outstanding
| 44.38M | 43.14M | 132.92M | 133.09M | |
EPS (Diluted)
| 0.052 | 0.0341 | 1.9714 | 0.6081 | |
EPS (Diluted) Growth
| - | -34.42% | +5,681.23% | -69.15% | |
Diluted Shares Outstanding
| 44.38M | 43.14M | 133.07M | 133.11M | |
EBITDA
| (357.14K) | (2.36M) | 407.90M | 277.92M | |
EBITDA Growth
| - | -561.73% | +17,359.64% | -31.86% | |
EBITDA Margin
| - | - | +82.00% | +70.53% | - |
Snapshot
| Average Recommendation | OVERWEIGHT | Average Target Price | 7.467 | |
| Number of Ratings | 6 | Current Quarters Estimate | 0.141 | |
| FY Report Date | 12 / 2024 | Current Year's Estimate | 0.509 | |
| Last Quarter’s Earnings | 0.14 | Median PE on CY Estimate | N/A | |
| Year Ago Earnings | 0.80 | Next Fiscal Year Estimate | 0.624 | |
| Median PE on Next FY Estimate | N/A |
Earnings Per Share
| This Quarter | Next Quarter | This Fiscal | Next Fiscal | |
|---|---|---|---|---|
| # of Estimates | 7 | 6 | 7 | 7 |
| Mean Estimate | 0.14 | 0.15 | 0.51 | 0.62 |
| High Estimates | 0.16 | 0.19 | 0.57 | 0.75 |
| Low Estimate | 0.11 | 0.10 | 0.37 | 0.41 |
| Coefficient of Variance | 14.39 | 23.85 | 13.40 | 22.23 |
Analysts Recommendations
| Current | 1 Month Ago | 3 Months Ago | |
|---|---|---|---|
| BUY | 3 | 2 | 2 |
| OVERWEIGHT | 1 | 1 | 1 |
| HOLD | 2 | 3 | 3 |
| UNDERWEIGHT | 0 | 0 | 0 |
| SELL | 0 | 0 | 0 |
| MEAN | Overweight | Overweight | Overweight |
SEC Filings for Granite Ridge Resources Inc. - GRNT
| Filing Date | Type | Category | Amended |
|---|---|---|---|
| No results | |||
Insider Actions for Granite Ridge Resources Inc. - GRNT
| Date | Name | Shares | Transaction | Value |
|---|---|---|---|---|
| Nov 19, 2024 | Luke C Brandenberg President and CEO | 96,633 | Open market or private purchase of non-derivative security Non-derivative transaction at $6.5 per share | 628,114.50 |
| Sep 19, 2024 | Matthew Miller Director | 692,991 | Open market or private purchase of non-derivative security Non-derivative transaction at $6.23 per share | 4,317,333.93 |
| Sep 13, 2024 | Griffin Perry Director | 594,181 | Open market or private purchase of non-derivative security Non-derivative transaction at $6.13 per share | 3,642,329.53 |
| Aug 20, 2024 | John F. McCartney Director | 47,339 | Open market or private purchase of non-derivative security Non-derivative transaction at $6.54 per share | 309,597.06 |
| Aug 20, 2024 | Tyler Farquharson Chief Financial Officer | 76,723 | Open market or private purchase of non-derivative security Non-derivative transaction at $6.62 per share | 507,906.26 |
| Jun 18, 2024 | Thaddeus Darden Director | 221,156 | Open market or private purchase of non-derivative security Non-derivative transaction at $5.9 per share | 1,304,820.40 |
| May 21, 2024 | John F. McCartney Director | 43,839 | Open market or private purchase of non-derivative security Non-derivative transaction at $6.51 per share | 285,391.89 |
| May 21, 2024 | Michele J. Everard Director | 35,839 | Open market or private purchase of non-derivative security Non-derivative transaction at $6.62 per share | 237,254.18 |
| Apr 12, 2024 | Kirk Lazarine Director | 588,301 | Other acquisition or disposition | 0.00 |